The prices of mobile phones and appliances will be reduced as per the rupee’s appreciation against the US dollar, said the importers.
President of their association Samitha Herath told journalists in Colombo yesterday (09) the reduction will be around 20 per cent.
In the event of a depreciation of the rupee, prices will have to be raised again, he said.
Sales of mobile phones dropped by around 40 per cent in recent times due to high prices.
