Sri Lankan Rupee depreciates against the US dollar

COLOMBO (News1st): The selling rate of the Sri Lankan Rupee hit Rs 193.05 against the US dollar on Wednesday, central bank data show. The latest depreciation of the rupee began last Thursday as its selling rate crossed Rs 190 for the first time since March 24 this year. During the initial outbreak of COVID-19 in the country, the rupee had hit a record low of Rs 200 in April – just two weeks after it started depreciating in March.