Rupee continues to weaken

Friday, 5 June 2026 03:57 - - {{hitsCtrl.values.hits}}

The rupee weakened steadily against the US dollar in the spot market this week, with the USD/LKR spot rate closing at Rs. 336.75/Rs. 337.50 yesterday compared with Rs. 330.00/Rs. 332.00 at the end of last week.

The currency depreciated on each trading day during the week. On Monday, the USD/LKR spot rate closed at Rs. 331.50/Rs. 332.50, weakening from Friday’s close of Rs. 330.00/Rs. 332.00. The rupee came under further pressure on Tuesday, with the spot rate ending the day at Rs. 332.50/Rs. 333.50.

The downward trend continued on Wednesday, when the spot market closed at Rs. 335.00/Rs. 337.00, before weakening further to Rs. 336.75/Rs. 337.50 yesterday.

Compared with Friday’s close, the rupee lost Rs. 6.75 against the dollar on the buying rate and Rs. 5.50 on the selling rate over the four trading sessions.

The latest movement indicates renewed pressure on the rupee after a brief period of stability following the sharp volatility experienced in the foreign exchange market in recent weeks.