Rupee hits new record low against USD

The Sri Lanka Rupee hit a new record low against the US Dollar today.

The Central Bank of Sri Lanka (CBSL) said the selling rate of the US Dollar closed at Rs. 202.04 today.

Meanwhile, the buying rate of the US Dollar stood at Rs. 197.62 for the day.

According to CBSL data, the Rupee has seen a continuous depreciation against the US Dollar over the last few weeks. (Colombo Gazette)

1 COMMENT

  1. This is not bad news. When travel restrictions are lifted and tourism resumes, it will encourage travel to Sri Lanka with the perception of value for money.

    However, Sri Lanka’s tourism sector does itself no favours with rates
    ( predatory pricing for tourists) that would be more fitting for upmarket destinations than a third world country.

    Sri Lanka’s reputation for “ripping off “ the tourists is becoming almost as well known as its beaches.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.