LKR appreciates against foreign currencies

The Sri Lankan rupee has appreciated to a buying rate of Rs. 343.97per USD to and a selling rate of Rs. 356.73 per USD today (02 March)

Economy
2. Mar 2023
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LKR appreciates against foreign currencies

The Sri Lankan rupee has appreciated to a buying price of Rs. 343.97per USD to and a selling rate of Rs. 356.73 per USD nowadays (02 March) in keeping with CBCL daily shopping for and promoting charge, based totally at the average currency quoted for Colombo for Telegraph transfers through business banks. Center alternate fee for selling USD has additionally reduced to Rs. 356.Sixty five. This is the lowest alternate charge that has been recorded on account that 2022.

Comparable appreciation of the LKR may be seen in opposition to different overseas currencies, where the center exchange fee for GBP (brilliant Britain Pound) has reduced (preferred) to a buying fee of Rs. 411.Eleven and a promoting fee of Rs. 429.32.

CBSL has also reduced the required foreign exchange conversion fee that is relevant to industrial banks from 25% to fifteen%. This shows that overseas currency liquidity in the u . S . Has stepped forward in view that 2022.

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