š LKR Trends: US Dollar Selling Rate Surpasses Rs. 331
The Central Bank of Sri Lanka (CBSL) reported a significant shift in the exchange rate today, May 15, 2026, marking a multi-month high for the US Dollar against the Rupee. ā¢ Exchange Rate Breakdown: The US Dollar buying rate stands at Rs. 323.53, while the selling rate has climbed to Rs. 331.15. ā¢ Historical Context: This marks the first time the buying rate has exceeded the Rs. 323 threshold since December 5, 2023. Similarly, the selling rate has crossed the Rs. 331 mark for the first time since December 22, 2023. ā¢ Spot Market Impact: The USD/LKR SPOT Indicative Exchange Rate rose to Rs. 324.71 today, reaching its highest level since late December 2023. ā¢ Economic Implications: The weakening Rupee typically impacts import costs and inflationary pressures, while potentially benefiting export sectors such as tea, apparel & textiles, and ICT/BPM by increasing local currency earnings. _Source: Central Bank of Sri Lanka (Provisional Data)_