📈 Sri Lankan Rupee Hits Record Low Against US Dollar

The Sri Lankan rupee has depreciated sharply against the US dollar, reaching its lowest valuation in over three years based on official exchange rates. • Currency Performance: The Central Bank of Sri Lanka reported today (May 20, 2026) that the US dollar buying rate has climbed to Rs. 332.08, while the selling rate has reached Rs. 342.70. • Historical Context: This marks the highest buying and selling rates recorded for the US dollar since March 20, 2023, reflecting sudden downward pressure on the local currency. • Economic Impact: A weakening rupee typically increases the cost of imports, directly impacting core sectors like apparel & textiles (raw materials) and fuel, which can escalate domestic inflationary pressures.