Rupee steady: official dollar rate at 328.09 buying, 337.05 selling

The Sri Lankan rupee weakened slightly against the US dollar at commercial banks today (November 9), with selling rates recorded between Rs 336 and Rs 337.

At Seylan Bank the buying rate stood at Rs 328.15 and the selling rate at Rs 337.40, both unchanged. NDB Bank also held steady, at Rs 328.00 buying and Rs 337.00 selling.

People's Bank moved its buying rate from Rs 328.35 to Rs 328.48 and its selling rate from Rs 336.49 to Rs 336.59. Commercial Bank raised its buying rate from Rs 326.38 to Rs 326.58 and its selling rate from Rs 336.30 to Rs 336.50.

Sampath Bank kept its buying and selling rates unchanged at Rs 328.50 and Rs 336.50 respectively. Traders said the small movements in the rupee's value reflect conditions in the foreign exchange market.

Analysts said importers' demand for dollars and movements in regional currencies continue to shape day-to-day trading. The Central Bank publishes indicative rates daily, and individual banks set their own buying and selling prices within the market.

UPDATE: The official indicative rates put the US dollar at 328.09 buying and 337.05 selling.