COLOMBO, Sri Lanka — Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign ...

Sri Lanka’s food inflation reached 25.7% in February, driven by higher global commodity prices and supply issues and analysts believe the moves by the government and central bank could have a ...

The move to devalue the Sri Lankan rupee was aimed at improving macroeconomic stability as the country struggles with its worst financial crisis in years, the country's central bank chief Ajith ...

Sri Lanka sought to calm investors over volatility in its currency after the rupee fell the most in Asia last month, with a central bank official saying there isn’t significant pressure from ...

Sri Lanka's central bank has devalued the rupee by up to 15%, ... Sri Lanka devalues rupee, seen as step towards getting IMF help. By Uditha Jayasinghe. March 8, 2022 8:31 AM UTC Updated March 8, 2022 ...

Sri Lanka has notified the Indian rupee as a designated currency, Indian External Affairs Ministry Spokesperson Arindam Bagchi said on Thursday (July 20). “In terms of trading in our national ...

Sri Lanka’s rupee, which became the world’s best performing currency this year amid hopes of an International Monetary Fund bailout, may resume declines and lose almost a fourth of its value ...

COLOMBO, Oct 5 (Reuters) - ** The Sri Lankan rupee hit a record low for a third straight session on Friday due to dollar demand from importers and foreign banks amid outflows from government ...

Sri Lankan Foreign Minister Ali Sabry said Accepting the Indian rupee would work as an advantage for Sri Lanka as the trade imbalance between the two countries is in favor of India.