The Sri Lankan rupee showed signs of recovery at the close of interbank transactions today (May 22), with the selling rate of the US dollar falling below the Rs. 340 mark at several commercial banks.
The rupee had experienced sharp depreciation and significant volatility against the US dollar over the past few days.
The highest selling rate was recorded yesterday (May 21), when the value of the US dollar climbed to Rs. 354, reflecting an increase of Rs. 12 compared to the previous day.
According to the latest rates issued this afternoon by several leading commercial banks, the selling rates of the US dollar were as follows:
- Bank of Ceylon – Rs. 336.50
- People’s Bank – Rs. 338.86
- Commercial Bank – Rs. 342.50
- Hatton National Bank – Rs. 340.00
- Sampath Bank – Rs. 340.50
- Nations Trust Bank – Rs. 336.49
The movement comes amid continued attention on exchange rate fluctuations and ongoing efforts by authorities to stabilise the currency market.