Amidst the economic tides, the Sri Lankan Rupee has undergone a disheartening decline in value against the US Dollar. According to the latest proclamation by the Central Bank of Sri Lanka, the purchasing price has been set at Rs. 311.62 while the selling price has been pegged at Rs. 328.90 as of March 10, Friday.
A sharp increase in the aforementioned rates has been observed when compared to the figures that were released yesterday. To be more precise, as stated in the official records of the Central Bank, the purchasing and selling rates stood at Rs. 307.36 and Rs. 325.52 per USD, respectively.
The Middle Rate of the USD/LKR SPOT exchange rate has been documented at Rs. 318.63 on this very day. In a related development, a host of noteworthy commercial banks in Sri Lanka have announced their own buying rates of USD as Rs. 310, with selling rates hovering between Rs. 325 to Rs. 330. – CBSL