Slight Depreciation of Sri Lankan Rupee Against US Dollar
Today, on October 25, the Sri Lankan Rupee exhibited a slight depreciation against the US Dollar in commercial banks when compared to rates on the previous Tuesday.At Peoples Bank, the buying and selling rates for the US Dollar have increased from Rs. 318.62 to Rs. 320.91 and from Rs. 331.91 to Rs. 333.18, respectively.
In contrast, the Commercial Bank has reported that the buying and selling rates for the US Dollar remain unchanged at Rs. 319.50 and Rs. 330.50, respectively.
Sampath Bank has observed a similar trend, with the buying rate of the US Dollar increasing from Rs. 321 to Rs. 322 and the selling rate rising from Rs. 331 to Rs. 332.
These fluctuations in exchange rates can be influenced by various factors, including market dynamics, economic conditions, and global events. It’s important for individuals and businesses engaged in foreign exchange transactions to stay updated on currency rate changes to make informed financial decisions.