The Sri Lankan rupee turns into Asia’s worst-performing currency from being the best in the first half of the year, and is poised to extend losses
has tumbled more than 6% this month as it fell a 14th day on Monday, on track for its longest daily losing streak in almost five years.
That’s a stark reversal from its stellar performance in the first six months of this year, when the rupee was Asia’s top performer with a 19% advance. The currency may further weaken by 8% by year-end, according to Natixis SA.
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