COLOMBO, March 7 (Xinhua) — The Sri Lankan rupee appreciated for one week towards the U.S. dollar, Central Bank information confirmed on Tuesday.
Issuing an announcement, the Central Bank mentioned the rupee was shopping for at 318.30 and promoting at 335.75 towards the U.S. dollar.
The information confirmed the rupee has additionally appreciated towards the euro, British pound, Australian dollar, Indian rupee, Canadian dollar, and Japanese yen.
The Sri Lankan rupee opened stronger to the U.S. dollar on March 1, which marked a 10-month excessive towards the U.S. dollar.
Sri Lanka’s monetary press has speculated that the rupee strengthened after the Central Bank of Sri Lanka (CBSL) relaxed a give up rule, lowering central financial institution purchases.
Sri Lankan rupees collapsed from 202 per dollar in March 2022 to round 360 after the federal government allowed the rupee to drift.