Sri Lanka rupee hits new low of 116.65/75 vs dollar

Sri Lanka rupee hits new low of 116.65/75 vs dollar
Mon Apr 20, 2009 10:36am IST

COLOMBO, April 20 (Reuters) - Sri Lanka's rupee hit a new life low of 116.65/75 versus the dollar on Monday on import demand for the U.S. currency, dealers said.

"The rupee hit 116.65/75 due to importer demand. The highest trade was done at 116.73," said a currency dealer, who asked not to be named. Other dealers confirmed the fall.

The rupee has fallen 0.56 percent from Friday's close of 116.00/10, Reuters data showed. (Reporting by Shihar Aneez, Editing by Bryson Hull)