LKR: Further Depreciation Ahead

January 2007 | Currency Forecast

The rupee has come under renewed pressure since the start of 2007, having fallen from LKR107.50/US$ to LKR108.60/US$. Two recent bus bomb attacks in government-controlled territory serve as a reminder that the de facto civil war is already affecting the south. The rupee looks set to breach its previous record low of LKR109.15/US$ seen on November 20, and drift lower.

If you would like to subscribe to South Asia Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to South Asia Monitor please click on the trial link below.