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Message: <blockquote data-quote="ehimal" data-source="post: 14580036" data-attributes="member: 137427">Sri lanka doesnt have a floating rupee anymore. These days CBSL having enough USD reserves and they are managed to stabilize the rupee value against dollar while USD is appreciating against euro and other major trading currencies.Present rupee fixed deposits are paid very much higher int rate (almost four times higher) when comparing to same term dollar FD's. (if u are having RFC savings a/c that will be paid much lower rate 2-2.5% while u are paid 3-4% on one year USD FD )If u are not intend to do a large USD payment on future it is much profitable to convert and put on a long term rupee Fixed deposit as CBSL tries their best to keep interest rates low.</blockquote>

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