Sri Lanka rupee depreciates 2.1-pct against USD this year: Central Bank


July 23, 2015 (LBO) – Sri Lanka’s rupee has depreciated by 2.1 percent against the US dollar, during the year up to 21st July 2015, the Central Bank data showed.

However, based on cross currency exchange rate movements, the Sri Lankan rupee appreciated against the euro by 10.0 per cent, the Australian dollar by 9.2 per cent and the Japanese yen by 2.0 per cent.

The rupee also showed a depreciation against the pound sterling by 2.0 per cent and the Indian rupee by 1.6 per cent during this period.

From the beginning of May 2015, rupee depreciated against the US dollar by 0.4 percent to 133.60 rupees.

In a press briefing held earlier June, Central Bank Governor said the rupee may strengthen supported by foreign inflows to finance an upcoming general election in September this year.