Economy English

Rupee Weakens as CBSL US Dollar Selling Rate Rises to Rs.336.92

The Sri Lankan rupee weakened further against the US dollar on September 17, according to Central Bank exchange-rate data.

The US dollar selling rate increased to approximately Rs.336.92, compared with Rs.335.48 previously.

The buying rate increased from Rs.326.31 to Rs.327.90.

The daily movement represents a further weakening of the rupee against the US dollar.

However, a movement over a single trading day should not by itself be used to establish a broader cause or long-term currency trend.

Exchange rates can respond to multiple factors, including demand for foreign currency, import payments, export and service-sector inflows, capital movements and broader international financial conditions.

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