US$/LKR exchange rate likely to remain at 300-325 range in the near-term: StanChart

The US dollar-rupee exchange is likely to remain at Rs.300-325 range in the very near term, while up to US$ 1 billion inflows are expected into the country’s foreign exchange reverses over the next six-month period following the approval of the US$ 2.9 billion bailout package by the Executive Board of the International Monetary Fund (IMF), according to Standard Chartered Bank (StanChart).