The Sri Lankan rupee strengthened against the US dollar on June 15 compared to last Friday, as major commercial banks reduced both buying and selling rates. The selling rate in some banks dropped close to Rs. 336, showing a clear appreciation trend in the local currency. All major banks reported similar downward adjustments in dollar prices, reflecting stronger rupee demand in the market.
Market Signals Show Stronger Rupee Sentiment.
Financial market observers link the rupee appreciation to improved foreign exchange inflows and reduced demand for US dollars. Banks adjusted their rates in response to interbank trading conditions and customer demand. Analysts expect short-term fluctuations to continue, but current trends indicate relatively stronger rupee sentiment compared to the previous week. Importers and exporters now closely watch these movements as they directly affect pricing and trade decisions.
| Bank | Buying Rate (LKR/USD) | Previous Buying Rate | Change | Selling Rate (LKR/USD) | Previous Selling Rate | Change |
| Seylan Bank | 325.25 | 327.75 | ▼ 2.50 | 337.00 | 339.50 | ▼ 2.50 |
| NDB Bank | 327.00 | 331.00 | ▼ 4.00 | 336.00 | 340.00 | ▼ 4.00 |
| People’s Bank | 326.02 | 329.95 | ▼ 3.93 | 336.28 | 340.33 | ▼ 4.05 |
| Commercial Bank of Ceylon | 323.60 | 330.05 | ▼ 6.45 | 334.50 | 341.00 | ▼ 6.50 |
| Sampath Bank | 327.50 | 332.00 | ▼ 4.50 | 336.50 | 341.000 | ▼ 4.50 |
