Sri Lanka Says Rupee to Steady Further, Sees 2013 GDP Rising 8%

Sri Lanka’s rupee will stabilize further and economic expansion may accelerate to 8 percent next year from 7.2 percent in 2012, the island’s central bank said.

Inflation will remain in “single-digit” levels this year even as “high and volatile” food and energy costs add to uncertainty about price movements, the Central Bank of Sri Lanka said in its annual report released in Colombo today.