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Sri Lanka’s IMF programme restrains populist measures with an election in sight

Sri Lanka will be tightening policy spaces in the monetary, fiscal and external fronts amidst subdued economic performance under the present economic and political situation in the country, Central Bank sources said.

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Rupee hits record low amid political crisis

Reuters: The rupee slumped to a record low on Monday as growing political turmoil sparked buying of dollars by importers. The rupee dropped to a record low of 174.30 per dollar on Monday, surpassing the earlier record of 173.08 hit on Friday. The rupee ended at 173.75/90 per dollar, compared with its previous close of 173.05/20.

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