LKR Market Update
15 May 2026 • 00:44 GMT
The Sri Lankan rupee has reached its 90-day lows against the US dollar, trading near 0.003074, which is about 3.3% weaker than its 3-month average of 0.00318. This decline reflects ongoing pressures from regional uncertainties and the country's economic challenges. Despite the central bank actively buying foreign currency to support reserves, the rupee's recent moves suggest persistent vulnerability.
In comparison, the rupee also weakened against the euro and the pound sterling, with EUR and GBP falling roughly 3.2% and 3.0% below their 3-month averages, respectively. against the Japanese yen and the Canadian dollar, the LKR also hit 90-day lows, indicating a broad-based weakness across major currencies.
Despite these declines, the rupee has remained within a relatively stable trading range over the past few months. Still, traders should watch for continued volatility amid geopolitical developments and Sri Lanka's ongoing economic adjustments.