Sri Lankaβs economic recovery is facing renewed pressure as the rapid depreciation of the rupee threatens to trigger another wave of inflation and external instability. With the currency sliding beyond Rs. 340 against the US dollar amid rising global oil prices and geopolitical tensions in the Middle East, economic analysts say decisive monetary and fiscal [β¦] The post Central Bank Embraces Tough Rate Hikes Amid Rupee Crisis appeared first on Lankanews.lk .