LKR Weakens: USD/LKR Spot Rate Surpasses Rs. 310 š
The Sri Lankan rupee (LKR) crossed a significant threshold today, January 7, 2026, marking its weakest level in nearly two years. ā¢ Overall Figures: The Central Bank of Sri Lanka (CBSL) recorded an Indicative Spot Rate of Rs. 310.02 per US Dollar, the first time the rate has exceeded Rs. 310 since late February 2024. ā¢ Market Rates: Commercial banks showed a widening spread with the buying rate at Rs. 306.28 and the selling rate at Rs. 313.81. ā¢ Historical Context: This movement follows a period of "ongoing pressures" in the foreign exchange market. The LKR depreciated by 5.6% against the USD throughout 2025. ā¢ Impact: The weakening currency reflects broader shifts in the external sector as the country manages a flexible exchange rate regime aimed at maintaining price stability while building foreign reserves. _Source: Central Bank of Sri Lanka (CBSL) - January 7, 2026._