The selling rate of the US dollar has climbed above the Rs. 334 mark, according to the latest daily exchange rates released by the Central Bank of Sri Lanka (CBSL).
The Central Bank reported that the buying rate of the US dollar was recorded at Rs. 324.45, while the selling rate reached Rs. 334.24 on Thursday (29).
The latest figures indicate a further depreciation of the Sri Lankan Rupee against the US dollar compared to previous exchange rates published earlier this week.
According to CBSL data issued on Wednesday (28), the buying rate of the US dollar stood at Rs. 320.40 while the selling rate was recorded at Rs. 330.81.
This means the dollar’s selling rate has increased by more than Rs. 3 within a single day, drawing significant attention from financial markets and business sectors.
Economic analysts note that fluctuations in exchange rates can directly impact import costs, particularly for fuel, pharmaceuticals, vehicles and other essential goods that rely heavily on foreign currency payments.
The recent rise in the dollar’s value comes amid ongoing global economic uncertainties and continued volatility in international financial markets.
Businesses involved in imports and foreign trade are closely monitoring the situation, as sustained depreciation of the rupee could place additional pressure on operating costs and consumer prices.
Market observers also point out that exchange rate movements remain heavily influenced by foreign currency inflows, tourism earnings, worker remittances and global investor sentiment.
The Central Bank has continued to monitor foreign exchange market developments while implementing policies aimed at maintaining macroeconomic stability and strengthening external reserves.
Financial experts say the direction of the rupee in the coming weeks will largely depend on global economic conditions, foreign exchange inflows and domestic market confidence.
