The rupee appreciation during the past week will have a positive impact on the economy, an investment professional said. Sri Lanka’s rupee appreciated 1.88 percent in January 2019 to Rs. It was the highest ever exchange rate recorded against the US dollar, by Lanka’s rupee. The rupee depreciation is negative for any investor, the appreciation of the rupee as at present is a positive sign,” he said. The uncertainty of foreign investors investing in Sri Lanka’s rupee debt instruments has been removed with this move.

Source: Sunday Observer February 02, 2019 20:02 UTC