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v2025

Rupee hits record low; crosses 180 against the USD

The Sri Lankan rupee hit a record low of 180.6606 against the US Dollar today. 

The rupee fell to an all-time low at 179.50 on the dollar, compared with Wednesday’s close at 178.70/179.20. 

Moody’s had downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming the political crisis for aggravating already problematic finances.

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