The middle value in Sri Lanka’s inter‑bank foreign exchange market has dropped to Rs. 330, down from Rs. 350 yesterday, Deputy Finance Minister Anil Jayantha Fernando announced today.
He said the bidding rate now stands at Rs. 327, with the expected selling rate around Rs. 332, describing the development as “good news for the public.”
Fernando noted that while the rupee’s appreciation offers relief to consumers, it may unsettle certain groups who had anticipated further depreciation to Rs. 360 or even Rs. 400, sometimes for political advantage or business profit.
He cautioned against making decisions based on unverified information, warning that such actions could lead to losses not only in vehicle imports but also in foreign exchange transactions.
The Deputy Minister stressed that the government must take fact‑based policy measures to manage the situation, while the Central Bank will implement systematic steps in response to market developments.
He recalled that during the previous crisis, misinformation had worsened economic instability, and urged the public to rely on official guidance. (Newswire)