The rupee had experienced sharp depreciation and notable volatility against the US dollar over the past few days, raising concerns among businesses and the public over exchange rate instability.
The highest selling rate was recorded on Wednesday (May 21), when the US dollar climbed to Rs. 354, marking an increase of Rs. 12 compared to the previous day.
However, according to the latest exchange rates issued on Thursday afternoon by major commercial banks, the selling rates of the US dollar eased significantly:
Bank of Ceylon – Rs. 336.50
People’s Bank – Rs. 338.86
Commercial Bank of Ceylon – Rs. 342.50
Hatton National Bank – Rs. 340.00
Sampath Bank – Rs. 340.50
Nations Trust Bank – Rs. 336.49
Market analysts say the latest movement reflects ongoing efforts by authorities and financial institutions to stabilise the currency market amid continued pressure on foreign exchange demand.
The recent fluctuations in the rupee’s value continue to attract close attention from importers, exporters, investors, and the general public, as exchange rate movements directly impact the cost of goods and services across the country.
