The Central Bank of Sri Lanka today said it is of the view that the recent increase in volatility of the exchange rate is unwarranted and unacceptable.

The Central Bank said accordingly, among other measures, it will take appropriate action aggressively hereafter to contain this volatility in the domestic foreign exchange market.

The Central Bank expects that these actions, together with the continuation of the curtailment of non-essential imports, will enable the Rupee to appreciate within the next few days towards the levels of below Rs. 185 per US dollar observed in November 2020.

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