The Sri Lanka Rupee depreciated further against the US Dollar and appreciating against the Australian dollar.
mode1
Mar 31, 2020 04:35
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31st March 2020 - The Sri Lanka Rupee depreciated further against the US Dollar today and according to the Central Bank of Sri Lanka, the selling rate of the Dollar was at Rs.192.50.
Accordingly, the rupee has recorded a depreciation of 4.7% against the US dollar by 30 March 2020, latest External Sector Performance report of the Central Bank of Sri Lanka outlines.
The Sri Lankan rupee depreciated sharply with the speculative behaviour in the market with the spread of COVID-19 outbreak.
Reflecting cross-currency movements, the rupee depreciated against the US dollar, the euro and the Japanese yen while appreciating against the pound sterling, the Canadian dollar, the Australian dollar and the Indian rupee during the year up to 30 March 2020.
Meanwhile, According to the Central Bank of Sri Lanka (CBSL) the current selling rate of the US Dollar today (30) stands at Rs. 192.50 and buying rate of the US dollar stands at Rs. 182.60.
