Sri Lankan Rupee Depreciates, US Dollar Selling Rate Reaches Rs. 321

The Sri Lankan Rupee experienced a notable depreciation against the US Dollar throughout the month, with the selling rate at commercial banks reaching Rs. 321 by the 23rd and 24th. Earlier in the month, from approximately the 2nd to the 7th, the selling rate had remained steady at around Rs. 318. By the 17th, it increased to Rs. 319, maintaining that level until the 20th. The depreciation continued, with the selling rate nearing Rs. 320 on the 21st and reaching Rs. 320 on the 22nd. According to the Central Bank of Sri Lanka's official daily exchange rate chart, the selling price of a US Dollar was recorded at Rs. 321.87 on the 24th, marking the highest recent value for the LKR against the US Dollar. Buying rates also saw increases across various commercial banks, including Seylan Bank, NDB Bank, and People's Bank, over this period.