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Rupee Devalued agaist US dollar central bank

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RAVI1980


Manager - Equity Analytics
Manager - Equity Analytics

Rupee Devalued  agaist  US   dollar  central bank  Fb_img21

target1


Manager - Equity Analytics
Manager - Equity Analytics

When USD get into bear territory, emerging currencies ,euro will have a day. Rupee will adjust to the fair value.  High USD is bad for US exports.

Rupee had been depreciating from Rs.3.32 to Rs. 230.

http://bizenglish.adaderana.lk/sri-lanka-rupee-fell-by-over-2201-against-us-dollar-in-a-41-year-history-from-1977-2018/#:~:text=3.32%20per%20US%20Dollar%20(%24),one%20Ceylon%20rupee%20at%20independence.


In a 70 year history since Independence, according to an analysis the Sri Lankan Rupee is down by as much as 4,942.5% or by 49 times vis-à-vis US dollar from Rs. 3.32 per US Dollar ($)  in 1948 to latest rate of Rs. 167.4125 per US Dollar ($). Inversely, 1 Ceylon rupee was equal to US $ 0.30 in 1948. This means that US cents 30 could buy one Ceylon rupee at independence. Today, a meagre US cents 0.0059 is sufficient to buy one Sri Lankan Rupee.

nigma


Manager - Equity Analytics
Manager - Equity Analytics

US dollar 260 rupees...

target1 likes this post

Great1


Manager - Equity Analytics
Manager - Equity Analytics

HAYL has the highest gainer as the 5% SL Export Contributor


Keep this. Management is very integrity and give return for all investors !!


Good dividends + Massive Capital gain
Their lot of export oriented subsidiaries are commissioning capacity expansions. HAYL has now huge profit margins of their products & services. HAYL future profits will soars and sustain drastically.
This should be come to Rs.300 share price


Great gains from HAYL

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