Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka Rupee fell from 182.00 to 183.00 while Indian Rupee crashes to near record low against the US dollar

Global IndexesMar 12, 2020
Sri Lanka Rupee fell from 182.00 to 183.00 while Indian Rupee crashes to near record low against the US dollar
Sri Lanka rupee which holds the ground for this year is showing mounting pressure. Foreign outflow from Bonds and stocks from Sri Lanka capital market, seasonal worker remittances slipping.. The Indian rupee fell to as much as 74.34 per dollar to near its record low of 74.48 today. Most Asian currencies weakened on Thursday, as expectations rose for rate cuts by central banks in the region after world health officials called the coronavirus outbreak a pandemic. Some analysts have questioned the effectiveness of these rate cuts, saying they "may provide temporary relief in the credit markets, but will not solve the underlying issue of the rapidly spreading virus around the world", CMC Markets Singapore analyst Margaret Yang Yan said.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.