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Currency float sends rupee value of foreign debt swelling

January-April data show govt. Fx debt enlarged by 67% to Rs.10.9tn. The Sri Lankan rupee, which shed nearly 80 percent of its value, has sent the rupee value of the foreign currency-denominated debt of the government spiralling by significant proportions, even with no fresh borrowings, as the rupee weakness is sending ripple effects across markets.

Currency float sends rupee value of foreign debt swelling

Daily Mirror
2022-09-22