Sri Lanka, April 9 -- By Nishel Fernando

Sri Lanka should engage with the International Monetary Fund (IMF) and explore other debt inflows to the country to retain the investor confidence on the economy as the selling rate of the US dollar crossed Rs.200 for the first time in the country's history, leading economists in the country urge the government.

The selling rate of the US dollar hit Rs.200.46 yesterday while the buying rate reached Rs.193.95, as the LKR continued to slide against the US dollar and other major foreign currencies, according to the Central Bank data.

Speaking to Mirror Business, JB Securities Managing Director Murtaza Jafferjee, who is an economist, stressed that the government must act now to negotiate a fresh IMF...