Sri Lanka rupee hits fresh low of 164.80 per dollar – market sources

Sri Lanka rupee vs US dollar

The Sri Lankan rupee fell 0.7 percent and touched a fresh low of 164.80 per dollar on Monday, due to higher dollar demand from importers amid reluctant greenback sales by the exporters, market sources said.

The local currency hit a fresh low for the fourth straight session. It closed at 163.60/70 per dollar on Friday.

The rupee is down 1.5 percent this month and 6.8 percent so far this year.