Saturday, April 1, 2023

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The not so cool Rupee depreciation goes on!

By: Isuru Parakrama

Colombo (LNW): The Sri Lankan Rupee indicates further depreciation against the US Dollar as revealed by today’s (16) exchange rate charts of a number of commercial banks in Sri Lanka.

Bank of Ceylon (BOC) yesterday (15) revealed the buy price of the US Dollar to be Rs. 326 and the sell price Rs. 344, only to indicate further depreciation as Rs. 331 and Rs. 349.54 today (16).

Yesterday, People’s Bank revealed the buy price Rs. 325.26 and the sell price Rs. 344.31, and today, Rs. 327.20 and Rs. 346.37.

The exchange rates of Sampath Bank remain unchanged.

The sell price of the US Dollar has exceeded Rs. 350 in Commercial Bank.

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