LKR indicates further depreciation against USD

Date:

By: Isuru Parakrama

Colombo (LNW): The Sri Lankan Rupee today (27) has once again indicated a slight depreciation against the US Dollar, revealed the Exchange Rates by the Central Bank of Sri Lanka (CBSL).

Accordingly, the buy price of a US Dollar is Rs. 314.82, and the sell price, Rs. 332.58.

The slight depreciation appears days after the Sri Lankan Rupee indicated an irregular fluctuation against the US Dollar, wobbling between appreciation and depreciation since the drastic drop of the value of the foreign currency three weeks ago.

Meanwhile, the US Dollar is said to be sold for higher prices in the black market, according to sources.

Share post:

spot_imgspot_img

Popular

More like this
Related

Ranil and AKD: A Tale of Two Presidencies, Courtesy of the Constitution

By Adolf Sri Lanka’s politics has always been shaped by...

Cashew Industry Stumbles amid Policy Hurdles and Supply Shortfalls

Sri Lanka’s ambitions to transform cashew into a major...

Government Fast Tracks Reforms Targeting Corporate Transparency

The government is swiftly pushing new legislative reforms to...

Sri Lanka’s Duty-Free Car Permit System Faces Scrutiny 

Sri Lanka’s long-standing duty-free vehicle permit scheme, originally designed...