Selling rate of US dollar exceeds Rs.193 mark

According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (23) stands at Rs. 188.01 and selling rate of the US dollar stands at Rs. 193.05.

This is highest buying and selling rate recorded for a US dollar since, May 4, 2020. During that day, the buying rate of the US Dollar stood at Rs. 188.37 and selling rate of the US dollar stood at Rs.194.11

The Sri Lankan rupee, which remained broadly stable in the month of January 2020 as well as until the first week of March, depreciated sharply with the speculative behavior in the market with the spread of COVID-19 outbreak. Accordingly, on April 8, 2020 the selling rate of a US dollar exceeded Rs.200 mark.

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