US dollar rate drops in some local banks

US dollar rate drops in some local banks

Several licensed commercial banks in Sri Lanka today declared their selling rate of a USD at Rs. 365.

The US Dollar was sold between Rs. 375 to Rs. 380 yesterday.

The rate declared today shows a drop in the selling rate of the US Dollar.

This is the first time the Sri Lanka rupee has strengthened since the rupee was floated in March this year.