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Sri Lankan Rupee Depreciates Against US Dollar at Commercial Banks

The Sri Lankan Rupee experienced a depreciation against the US Dollar at commercial banks in Sri Lanka today (July 14) compared to the previous day.

At Peoples Bank, the buying rate for the US Dollar rose from 307.53 to 311.42, while the selling rate increased from Rs. 322 to 326.

According to Commercial Bank, the buying rate for the US Dollar increased from Rs. 306.59 to Rs. 311, and the selling rate rose from Rs. 322 to 326.

At Sampath Bank, the buying rate for the US Dollar increased from Rs. 307 to 309, while the selling rate rose from Rs. 322 to 324.

The depreciation of the Sri Lankan Rupee against the US Dollar reflects the fluctuating exchange rates in the currency market, which can be influenced by various economic factors and market conditions. It is important for individuals and businesses to stay informed about these currency fluctuations when engaging in foreign exchange transactions or planning financial activities involving foreign currencies.

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