Sri Lanka Sees Stable Rupee in Contrast to India Volatility

Sri Lanka’s central bank governor hailed the island nation’s ability to contain inflation and keep the currency stable as he sought to convince investors its economy is avoiding the pitfalls affecting neighboring India.

Stable interest rates and prices would help Sri Lanka’s rupee trade with less volatility than many other countries in Asia, Central Bank of Sri Lanka Governor Ajith Nivard Cabraal said today in an interview with Rishaad Salamat on Bloomberg Television. Sri Lanka, an island off India’s southeast coast, has an economy one-thirtieth the size of its neighbor.