Inflation ( CCPI)35.3% (April 2023)
GDP-12.4% (4Q 2022)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate25.60%
12M T-Bill Rate22.97%
2Y T-Bond Rate29.25%/ 30.00%
4Y T-Bond Rate27.25% / 27.35%
Reserves $2.75Bn (April 2023)
Cum. Trade Deficit $862Mn (March 2023)
Cum. Fiscal DeficitLKR 2,300 Bn (Dec 2022)

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
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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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