Sri Lankan Rupee Slides Further Against US Dollar
The Sri Lankan Rupee witnessed a continued depreciation against the US Dollar today at commercial banks across the country, in comparison to rates recorded on Tuesday.
At Peoples Bank, the buying and selling rates for the US Dollar have risen from Rs. 316.67 to Rs. 317.15 for buying, and from Rs. 330.89 to Rs. 331.40 for selling.
According to the Commercial Bank, the buying rate for the US Dollar has increased from Rs. 317.68 to Rs. 318.18, while the selling rate has edged up from Rs. 328 to Rs. 328.50.
However, at Sampath Bank, the buying and selling rates for the US Dollar have remained unchanged at Rs. 319 and Rs. 329, respectively. The fluctuations in exchange rates reflect the ongoing economic challenges facing the country.