The Sri Lankan rupee continued its gradual depreciation against the US dollar on Thursday, with the selling rate rising to Rs. 319 at most major commercial banks.
Bank-by-bank rates
NDB Bank’s selling rate increased from Rs. 318.75 to Rs. 319.25, with the buying rate also rising from Rs. 312.25 to Rs. 312.75. People’s Bank reported a similar move, with selling climbing from Rs. 318.80 to Rs. 319.25 and buying from Rs. 311.92 to Rs. 312.36.
Sampath Bank’s selling rate rose from Rs. 318.75 to Rs. 319.25, while Commercial Bank moved to Rs. 319 from Rs. 318.75. Seylan Bank was the only major lender to hold steady, with buying and selling rates unchanged at Rs. 312.65 and Rs. 317.90 respectively.
Middle East premium may ease
The rupee has depreciated approximately 1.8% in 2026, pressured by elevated fuel import costs amid the Middle East energy crisis. However, Iran’s declaration today that the Strait of Hormuz is fully open — which sent Brent crude tumbling 8.5% — could relieve pressure on the currency in coming sessions if lower oil prices reduce the petroleum import bill.
