Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.91%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.65%/ 10.75%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Sri Lanka Rupee to hold between 195 to 200 by end of May against USD , majority expect

Opinion pollsMay 11, 2021
Sri Lanka Rupee to hold between 195 to 200 by end of May against USD , majority expect
Sri Lanka rupee has been speculative during the last month. Currency was depreciated by 2.59% in March and 0.25% in April. CBSL moral suasion has able to keep the USD/LKR below 200.00 for the spot but forwards are well above 200.00. A study revealed the majority of the respondents expect USD/LKR to hold between 195 to 200 by end of this month.

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