The Sri Lankan Rupee weakened against the US Dollar across commercial banks in Sri Lanka on Monday (09). Banks increased both buying and selling rates compared to the previous trading day. The selling rate moved up to around Rs. 341, showing continued pressure on the local currency in the foreign exchange market. Traders pointed to stronger demand for US dollars and weaker foreign inflows as key drivers behind the depreciation. Import payments and higher dollar demand from businesses also influenced market movements during the day. Banks adjusted rates in response to interbank market trends.
Bank-wise US Dollar Exchange Rate Changes.
Seylan Bank increased its US dollar buying rate from Rs. 330.25 to Rs. 332.25 and raised its selling rate from Rs. 341 to Rs. 342.NDB Bank increased its buying rate from Rs. 331.25 to Rs. 332.50 and raised its selling rate from Rs. 340.25 to Rs. 341.50.People’s Bank increased its buying rate from Rs. 330.20 to Rs. 331.18 and raised its selling rate from Rs. 338.98 to Rs. 339.98.Commercial Bank increased its buying rate from Rs. 328.94 to Rs. 329.93 and raised its selling rate from Rs. 340 to Rs. 341.Sampath Bank increased its buying rate from Rs. 331.50 to Rs. 332.50 and raised its selling rate from Rs. 340.50 to Rs. 341.50.
Overall, banks across Sri Lanka aligned their exchange rate adjustments with rising dollar demand in the local market. Analysts expect continued fluctuations in the rupee as import demand remains high and foreign inflows stay limited in the short term.
| Bank | Buying Rate (LKR/USD) | Previous Buying Rate | Change | Selling Rate (LKR/USD) | Previous Selling Rate | Change |
| Seylan Bank | 332.25 | 330.25 | ▲ 2.00 | 342.00 | 341.00 | ▲ 1.00 |
| NDB Bank | 332.50 | 331.25 | ▲ 1.25 | 341.50 | 340.25 | ▲ 1.25 |
| People’s Bank | 331.18 | 330.20 | ▲ 0.98 | 339.98 | 338.98 | ▲ 1.00 |
| Commercial Bank of Ceylon | 329.93 | 328.94 | ▲ 0.99 | 341.00 | 340.00 | ▲ 1.00 |
| Sampath Bank | 332.50 | 331.50 | ▲ 1.00 | 341.50 | 340.50 | ▲ 1.00 |
