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Wednesday June 29th, 2022

Sri Lanka rupee steady despite dollar shortage

ECONOMYNEXT – Sri Lanka’s ‘guidance rate’ at which interbank transactions are pegged was steady at 360.90 rupees against the US dollar, the Central bank announced on Thursday, despite there was dollar liquidity shortage.

Sri Lanka’s commercial banks offered US dollars for telegraphic transfer at around 368 to 370 dollars for small transactions, also steady from the previous day’s rates.

Currency dealers said the markets were witnessing a shortfall of dollar liquidity amid injection of rupees.

Banks offered the buying price of inward remittances at 357.90 rupees. (Colombo/June22/2022)

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