Sri Lankan Rupee Further Depreciates Against US Dollar at Commercial Banks

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The Sri Lankan Rupee has witnessed a depreciation against the US Dollar at commercial banks in Sri Lanka today, August 07, compared to last week’s rates.

At Peoples Bank, the buying rate of the US Dollar has risen from Rs. 311.42 to Rs. 312.39, and the selling rate has increased from Rs. 326.74 to Rs. 327.76.

Commercial Bank has also experienced an upward trend, with the buying rate of the US Dollar climbing from Rs. 309.78 to Rs. 312.75, while the selling rate has gone up from Rs. 325 to Rs. 328.

Similarly, at Sampath Bank, the buying rate of the US Dollar has surged from Rs. 313 to Rs. 316, and the selling rate has elevated from Rs. 325 to Rs. 328.

This recent fluctuation in exchange rates may have implications for foreign trade and the overall economy, warranting close monitoring by relevant authorities.

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