LKR Market Update
28 Mar 2026 • 01:20 GMT
The Sri Lankan rupee has declined to around 0.003174 against the US dollar, hitting its lowest levels in the past 90 days. This drop is about 1.6% below its three-month average of 0.003225 and has happened within a very stable trading range. The weaker rupee is partly due to ongoing economic challenges and increased import demand, with the central bank maintaining its monetary policy rate at 7.75% to help steer inflation towards 5% in the coming months.
Meanwhile, the US dollar has strengthened slightly amid cautious market sentiment. Despite being relatively stable recently, the dollar remains influenced by concerns over US inflation and Federal Reserve policy signals. Many analysts see the dollar consolidating its recent gains but warn that continued US economic data, such as consumer sentiment, could lead to some volatility.
Overall, the LKRUSD remains near 90-day lows, reflecting ongoing market uncertainty and domestic economic pressures. Traders should watch for further updates from the US and Sri Lankan central banks, which could drive the currency pair in the coming weeks.
