SL Rupee appreciates after China’s US$ 500 mn loan
The Sri Lanka Rupee appreciated against the US Dollar today.
The Central Bank of Sri Lanka (CBSL) said the selling rate of the US Dollar was Rs. 201.28.
The Bank said the buying rate of the US Dollar stood at Rs.195.72 today.
However, the Sri Lanka Rupee further depreciated against the US Dollar yesterday.
The selling price of a US Dollar was at Rs 204.62 and the buying rate was at Rs 199.80.
The Rupee has appreciated at a time when Sri Lanka had secured a US$500 million loan from China yesterday.
The loan has been obtained in a bid to shore up its foreign exchange reserves as the local currency hit a record low. (NewsWire)