The Sri Lankan Rupee weakened further against the US Dollar on June 24, with the selling rate crossing the Rs. 340 mark, according to the latest exchange rates released by the Central Bank of Sri Lanka.
The Central Bank said the buying rate of the US Dollar increased from Rs. 329.65 on Tuesday to Rs. 330.35 today. Meanwhile, the selling rate rose from Rs. 339.49 to Rs. 340.06.
The latest movement indicates a slight depreciation of the rupee against the US Dollar within a day. Although the change is relatively small, exchange rate fluctuations remain important for businesses involved in imports, exports, tourism, and international trade.
A weaker rupee generally increases the cost of imported goods and services. This can affect sectors that rely heavily on foreign raw materials, machinery, fuel, and consumer products. Importers often monitor currency movements closely as changes in exchange rates can influence operating costs and pricing decisions.
At the same time, exporters may benefit from a weaker rupee as their foreign currency earnings convert into more rupees. However, the overall impact depends on global market conditions and the cost of imported inputs used in production.
The Central Bank data also showed mixed movements against other foreign currencies. While the rupee appreciated slightly against a basket of major foreign currencies, it recorded a slight depreciation against several Gulf currencies.
These Gulf currencies are particularly important due to the large number of Sri Lankans employed in the Middle East. Exchange rate changes can influence the value of worker remittances sent back home, one of the country’s key sources of foreign exchange earnings.
Market participants will continue to monitor currency trends in the coming weeks as global economic developments, foreign exchange inflows, tourism earnings, remittances, and trade activities continue to influence the direction of the rupee.
Central Bank of Sri Lanka (CBSL) Daily Exchange Rate
Last modified: June 24, 2026
