The Sri Lankan rupee barrelled down again on Thursday, hitting a new record-low as a political crisis deepened after President Maithripala Sirisena said he will not accept a no confidence vote against recently appointed Prime Minister Mahinda Rajapaksa.
The no-confidence motion against Rajapaksa and his government was passed in parliament on Wednesday, with the backing of 122 lawmakers from the 225-member legislature. However, Sirisena said he could not accept the vote as it appeared to have ignored the constitution.
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