Sri Lankan Rupee Weakens Further, Dollar Surpasses LKR 326

The Sri Lankan Rupee continued its depreciation against the US Dollar through April and May 2026, with the exchange rate crossing significant milestones. On April 20, the dollar's selling price exceeded LKR 320, reaching LKR 323.26 by April 29. The depreciation accelerated in May, with the selling price hitting LKR 324.87 on May 7 and climbing further to LKR 326.12 by May 12. This marks the first instance the dollar's selling price has surpassed LKR 325 since January 2024. The Central Bank of Sri Lanka also reported that the Rupee depreciated by 2.9% against the US Dollar in the first four months of 2026.