💸 Sri Lankan Rupee Continues Weekly Downward Trend against US Dollar

The Sri Lankan Rupee depreciated steadily against the US Dollar on every trading day this week, indicating renewed pressure on the currency after a brief period of stability following recent market volatility. • Weekly Movement: The USD/LKR spot rate closed yesterday at Rs. 336.75 (buying) and Rs. 337.50 (selling), compared to last week's close of Rs. 330.00/Rs. 332.00. • Net Depreciation: Over the four trading sessions, the rupee lost Rs. 6.75 against the dollar on the buying rate and Rs. 5.50 on the selling rate. • Daily Breakdown: - Monday: Closed at Rs. 331.50/Rs. 332.50 - Tuesday: Dropped further to Rs. 332.50/Rs. 333.50 - Wednesday: Weakened to Rs. 335.00/Rs. 337.00 - Thursday (Yesterday): Settled at Rs. 336.75/Rs. 337.50 The continuous daily decline highlights immediate challenges in foreign exchange market stabilization, affecting broader trade and economic sentiment. (Based on weekly market data)