CBSL rates: Sri Lankan rupee depreciates further against USD

Sri Lanka’s rupee was quoted at 331.15/25 against the US dollar in the spot market on Friday, October 16, according to dealers cited by EconomyNext. That matched the 331.15/25 level reported for the previous day. EconomyNext also gave telegraphic-transfer rates of 326.70 to buy and 335.70 to sell a dollar.

Commercial-bank rates reported by Newswire showed dollar selling prices ranging from 335.00 to 336.20 rupees on Friday. Seylan Bank, People’s Bank and Commercial Bank kept the listed rates unchanged from Thursday; NDB Bank’s buying and selling rates each edged down by 0.05 rupees, while Sampath Bank’s fell by 0.25 rupees. These bank quotes are separate from the spot-market rate.

The Colombo Stock Exchange’s All Share Price Index gained 111.97 points, or 0.56%, to 20,083. The S&P SL20 rose 35.68 points, or 0.63%, to 5,734, according to EconomyNext.

Government bond yields were described as steady overall. EconomyNext reported unchanged quotes for bonds maturing in October 2028 and October 2034, while quotes for some other maturities moved modestly in either direction. The reports provide no further explanation for the market movements.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.