USD selling price crosses Rs. 310 after a long time

According to data released by the Central Bank of Sri Lanka today (07), the Sri Lankan Rupee has significantly depreciated against the US Dollar. Accordingly, the indicative spot exchange rate was recorded at Rs. 310.02, marking the first time the dollar's value exceeded the Rs. 310 mark since February 29, 2024.

It is also reported that due to the ongoing power crisis in America, many global exchange units have been affected.

According to the Central Bank's daily exchange rate chart, today the buying price of a US dollar was recorded at Rs. 306.28 and the selling price at Rs. 313.81. Previously, the Central Bank had stated that the Sri Lankan Rupee has depreciated by 5.6% against the US Dollar so far this year.

Observing the exchange rates of local commercial banks, it was noted that the dollar's value remained largely stable today compared to yesterday. Although the selling price of a dollar was recorded at Rs. 313 in most banks, a slight increase was observed at People's Bank, with the buying price of a dollar at Rs. 306.53 and the selling price at Rs. 313.29.

Among other commercial banks, Seylan Bank recorded a dollar buying price of Rs. 307.15 and a selling price of Rs. 311.90. At NDB Bank, these values remained unchanged as before, at Rs. 306.75 and Rs. 313.25 respectively. Commercial Bank recorded a dollar buying price of Rs. 304.74 and a selling price of Rs. 313.25, while Sampath Bank announced a dollar buying price of Rs. 306.75 and a selling price of Rs. 313.25 today.