The Sri Lankan rupee fell to a record low of 171.80 per dollar on Friday as banks and importers bought the US dollar, while stocks slid to a near five-year closing low in dull trade. The rupee dropped to an all-time low of 171.80 per dollar, surpassing its previous low of 171.60 hit on October 10, due to foreign selling in government securities and importer demand for the greenback, market sources said.
The rupee ended at 171.60/80 per dollar, compared with its previous close of 171.30/45. The Central Bank on Wednesday said it has secured a 1 billion dollar eight-year loan from China Development Bank.
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