The Sri Lankan rupee has depreciated 6.8 percent over the past four months this year. At the end of 2020, the Sri Lankan rupee was valued at 186.40 against the US dollar. The exchange rate remained relatively stable in February 2021 due to increased customer inflows into the domestic foreign exchange market. Accordingly, the rupee depreciated slightly by 0.2 percent against the US dollar in February. The rupee depreciated 4 percent against the euro, 7.5 percent against the pound sterling and 7 percent against the Australian dollar, according to the Central Bank of Sri Lanka.

Source: The Nation April 19, 2021 07:30 UTC