The lowest ever depreciation in history of the Sri Lankan Rupee against the US Dollar was recorded today (15 September).

At the close of the money market today, the Sri Lankan Rupee recorded Rs. 140.25 against the US Dollar.

The historic depreciation of the Rupee against the US Dollar is due to the lack of dollar supply according to the demands.

The Sri Lankan Rupee has continued to depreciate significantly against the US Dollar from the time it was left to float without the intervention of the Central Bank of Sri Lanka.

The Central bank has refrained from intervening in Sri Lanka’s foreign exchange market unless it is absolutely necessary.