Selling rate of US dollar exceeds Rs.200 mark

April, 8, 2020

According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (08) stands at Rs. 193.95 and selling rate of the US dollar stands at Rs. 200.46.

This is the first time in history that the selling rate of a US dollar has exceeded Rs.200 mark.

The Sri Lankan rupee, which remained broadly stable in the month of January as well as until the first week of March, depreciated sharply with the speculative behaviour in the market with the spread of COVID-19 outbreak.

Accordingly, the rupee 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 outlined.