![]() Experts highlight that a country’s currency is a point of pride, seen essential to the identity of the nation, though it may not be so sacred as the national flag or the national anthem. That time the local currency had been known as Ceylon Rupee before the country became a Republic in 1972. Having celebrated Sri Lanka’s 70th anniversary of independence in 2018 with much political rhetoric, it would be appropriate to look back the journey of the Sri Lankan Rupee (SLR) during the post-independence period according to experts. 167.4125 (Central Bank announced Telegraphic Transfer Rate as 19 September 2018) for a US Dollar. 7.27 levels whilst as at 19 th September 2018 nearly 41 year history US Dollar had appreciated making Sri Lankans pay over Rs. Accordingly as at January 1 st 1977 US Dollar exchange rate in terms of Sri Lankan Rupees stood at Rs. Rupee hits record low of 77.Sri Lanka’s Rupee has fallen by over 2201% against US Dollar in a 41 year history since the economy was opened to the globe in 1977, the analysts notes. Sensex nosedives over 1,000 points Nifty slumps below 16,300 Rupee falls 11 paise to record low of ₹77.85 against U.S. Rupee falls to all-time low of 78.29 against U.S. Sensex nosedives 1,394 points in early trade Nifty tanks to 15,800 level inflation jolts global markets investors poorer by ₹6.64 lakh crore Sensex crashes 1,457 points as scorching U.S. Rupee falls 20 paise to close at record low of 78.13 against U.S. Markets tumble worldwide, bear market growls on Wall Streetįoxconn's Bharat FIH gets SEBI nod to float ₹5,000 crore IPO Sensex tumbles 375 points in early trade amid weak global markets Rupee inches 2 paise higher to 78.02 against U.S. Sensex slips 153 points in volatile trade amid weak global markets Rupee ends almost flat at 78.03 against U.S. 3 mins Rupee inches 5 paise higher to 77.99 against U.S.On the domestic equity market front, BSE Sensex was trading 47.1 points or 0.09 per cent lower at 52,646.47, while the broader NSE Nifty declined 13.95 points or 0.09 per cent to 15,718.15.įoreign institutional investors were net sellers in the capital market on Tuesday as they offloaded shares worth ₹4,502.25 crore, as per exchange data. Global oil benchmark Brent crude futures rose 0.19 per cent to $121.40 per barrel. Fed meeting outcome, Sriram Iyer, Senior Research Analyst at Reliance Securities, said.Īsian and emerging market peers have started mixed, while equity futures have started with small gains and could cap the downside for the USD/INR spot pair, Mr. The Indian rupee opened on a flat note against the dollar on Wednesday ahead of the U.S. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.28 per cent to 105.21. On Tuesday, the rupee had closed at its lifetime low of 78.04 against the U.S. ![]() dollar in opening trade on Wednesday.įorex traders said lacklustre domestic markets, elevated crude oil prices and persistent foreign capital outflows weighed on the local unit.Īt the interbank foreign exchange, the rupee opened at 77.99 against the dollar, registering a rise of 5 paise over its previous close. The rupee opened on a flat note and inched higher by 5 paise to 77.99 against the U.S.
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