The Sri Lankan Rupee has depreciated further against the US Dollar today (28), crossing the Rs 300 mark for the first time since September 2024, according to the latest data from the Central Bank of Sri Lanka (CBSL). The CBSL reported the buying rate of the US Dollar at Rs. 300.48 and the selling rate at Rs. 308.00, marking a renewed weakening of the local currency after months of gradual depreciation. In 2024, the Rupee showed signs of recovery, beginning the year at Rs. 319.23 and strengthening to Rs. 285.94 by December, its strongest level in over a year. However,…
How the Sri Lankan Rupee moved over the last 2 years
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