SL Rupee continues to depreciate against USD

10 July 2023 02:41 pm Views - {{hitsCtrl.values.hits}} 3 Bookmark

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The Sri Lankan Rupee (LKR) has depreciated further against the US Dollar (USD) today compared to last week, according to the Central Bank of Sri Lanka.

Accordingly, today's buying rate of USD is Rs 304.02 while the selling rate is Rs. 318.23.

Last Friday's buying rate of USD was Rs. 302.64 while the selling rate was Rs. 317.09.

Comments - 3

Sam Silva Monday, 10 July 2023 06:29 PM

The more you pressure the financial institutions this going to continue. This is not paying the loans. Just imagine if we paid and the position of the rupee.

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Rupee should be heading to 500 per dollar in two years even without vehicle imports Monday, 10 July 2023 09:31 PM

Long term project by Fitch was that rupee should be heading to 500 per dollar within 2 years, and that within a year it should head to 400 per dollar if government continues its mad policies. Limits on imports are what is preventing dollar rise, and as soon as vehicle imports happen which the faster and faster depreciation happen again.

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SSZ KHAN Monday, 10 July 2023 10:08 PM

Don't beat the bush to stabilize the ruppeee.What is required is the establishment of a corruption free system to boost Agriculture production, employment opportunities, tourism , and foreign investments and increase exports...is Ranil sleeping too much?

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