Analyst say, as both the USA and India are Sri Lanka’s key export destinations, the appreciation of the rupee might impact the competitiveness of the local exports.
However, the Central Bank announced that despite the rupee appreciating against the US dollar and the Indian rupee, it has depreciated against some of the major currencies the country often deals with.
http://www.news360.lk/economy/sl-rupee-against-the-other-currencies