Sri Lankan Rupee appreciates against US Dollar

April 15, 2020 12:03 pm

Sri Lankan Rupee has appreciated against the US Dollar in a significant change after falling as low as 200.50 a week early.

According to the daily exchange report of the Central Bank of Sri Lanka (CBSL) the current selling rate of US Dollar Rs 195.78.

The buying rate is recorded at Rs 188.51, reports the Central Bank.

Although the exact reason has not been announced yet, analysts say the US$ 422 million amount received by LOLC Group as the first tranche from the sale of its 70% stake in Cambodia’s largest Microfinance Company, PRASAC may have helped to strengthen the rupee.

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