The Sri Lankan Rupee has shown resilience against the US Dollar in commercial banks as of November 4, with only slight adjustments in exchange rates at select banks, indicating a stable currency environment for the time being.
Key Highlights:
- Stable Rates at Seylan Bank and Sampath Bank: Both banks have kept their US Dollar rates unchanged since last week. Seylan Bank maintains a buying rate of Rs. 288.75 and a selling rate of Rs. 296.25, while Sampath Bank continues with rates at Rs. 288.50 for buying and Rs. 297.50 for selling.
- Minor Adjustments at NDB Bank: The NDB Bank has adjusted its rates slightly, with the buying rate rising to Rs. 289.15 (up from Rs. 289) and the selling rate increasing to Rs. 299.15 (up from Rs. 299).
- Marginal Reduction at Commercial Bank: Commercial Bank noted a minimal drop in its buying rate from Rs. 287.27 to Rs. 287.26, while the selling rate remains steady at Rs. 297.
This steady performance of the Sri Lankan Rupee reflects a stable exchange environment amidst global economic challenges. Minor fluctuations suggest cautious optimism, with local banks maintaining competitive rates while watching international currency trends.
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Last modified: November 4, 2024
