The Sri Lankan rupee weakened slightly against the US dollar at commercial banks on Wednesday, with selling rates between Rs. 335 and Rs. 336, compared with Tuesday.
Seylan Bank kept its buying rate at Rs. 326.75 and its selling rate at Rs. 336.00. At NDB Bank, the buying rate rose from Rs. 326.40 to Rs. 326.50 and the selling rate from Rs. 335.40 to Rs. 335.50.
People’s Bank raised its buying rate from Rs. 326.82 to Rs. 326.92 and its selling rate from Rs. 334.92 to Rs. 335.03.
Commercial Bank left its rates at Rs. 324.84 (buying) and Rs. 334.75 (selling). Sampath Bank also made no change, at Rs. 327.00 (buying) and Rs. 335.00 (selling).
The exchange rate affects the cost of imported goods and fuel, and the value of remittances sent home by Sri Lankans working abroad.
