The Sri Lankan rupee closed weaker and near its all-time low on Friday due to importer dollar demand and foreign outflows from equities and government securities, dealers said. Absence of dollar conversions by exporters and remittances also pushed the rupee down. Dealers said there were fears it could depreciate further, tracking weakness in emerging-market currencies globally.
The rupee touched its record low of 160.55 per dollar in early trade on Friday before closing at 160.45/55, compared with Thursday's close of 160.35/50, and has declined 4.6 percent so far this year.
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