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Sri Lankan Rupee Holds Steady Against US Dollar in Local Banks

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The Sri Lankan Rupee has demonstrated stability against the US Dollar at commercial banks across Sri Lanka today (August 24), maintaining its position from the previous day. At Peoples Bank, the buying and selling rates for the US Dollar have experienced a marginal decrease, shifting from Rs. 315.80 to Rs. 315.56 for buying and from Rs. 330.63 to Rs. 330.38 for selling. Commercial Bank, on the other hand, reports that the buying and selling rates for the US Dollar have remained consistent at Rs. 315.70 and Rs. 328, respectively. Similarly, Sampath Bank has reported unchanged rates for the US Dollar, with buying and selling prices holding steady at Rs. 317 and Rs. 328, respectively. The stability of the Sri Lankan Rupee against the US Dollar in the local banking sector comes as a reassuring sign, contributing to an environment of economic predictability in the country.
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