Lankan rupee appreciate against US dollar

Friday, 16 April 2021 - 15:01

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The Central Bank of Sri Lanka stated that the Sri Lankan rupee has appreciated against the US dollar today (16).

The buying rate of the US dollar was recorded at Rs.195.72, while the selling rate was noted at Rs. 201.28

The rupee has strengthened at a time when Sri Lanka received a US$ 500 million loan from China.

The loan was taken out to help shore up the country's foreign exchange reserves after the local currency reached a new low.