According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (15) stands at Rs. 188.51 and selling rate of the US dollar stands at Rs. 195.78.

The rupee gained to 195.78 level is a significant change after falling as low as 200.50 a week early.

Although, the exact reason has not been announced yet, analysts say the US$ 422 million amount received by LOLC Group as first tranche from sale of its 70% stake in Cambodia’s largest Microfinance Company, PRASAC may have helped to strengthen the rupee.