Exchange Rate
CBSL is balancing the FX purchases and sales in the June and July, net seller marginally
Improved FX inflows from tourism and worker remittance seem to have offset the marginal outflow for Multilateral debt service (still country does not pay the majority of the external debt) and trade deficit. This has resulted in CBSL acting as a neutral party in the FX market other than managing volatility.
CBSL turned to net puncher of the FX in December
CBSL turned to net seller of FX again in October
CBSL still a net seller of the FX at the market
Central Bank net selling Reserves in Octomber
Sri Lanka sovereign bond yields are stabilizing
CBSL became net purchaser of FX in Feb 2021
Sri Lanka Rupee continued to be under pressure
Sri Lanka Rupee fell back to 181.90 / 182.00
Sri Lanka Rupee slip towards 181.00
SriLanka Rupee stabilizing
Sri Lanka LKR appreciated 16-May-2019