Sri Lanka Stocks Rise on Budget Proposals, Rupee Devaluation
Sri Lanka’s benchmark stock index rose after the government said in its 2012 budget yesterday that it will devalue its rupee and cut taxes to support exports and spur economic growth.
The Colombo All-Share Index advanced 0.2 percent to 6,131.26 at 9:37 a.m. in Colombo.
To contact the reporter on this story: Anusha Ondaatjie in Colombo at firstname.lastname@example.org
To contact the editor responsible for this story: Hari Govind at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.