* Fitch rules out wide-spread crises
July 9, 2013, 12:00 pm 
Sri Lanka, with international reserves amounting to less than US$ 7 billion, and other emerging markets with weaker fundamentals amid market volatility could face risks in the face of the US Federal Reserve announcing plans to cut its stimulus programme later this year.
The rupee has already fallen sharply in recent weeks after foreign investors holding Treasury bonds sold down their holdings. The Central Bank is resorting to moral suasion, selective intervention and withholding data in a bid to calm the forex market.
