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 getting stronger specially since August and USD/LKR advanced from 185.65 to 183.05

Exchange RateAug 12, 2020
Sri Lanka Rupee getting stronger specially since August and USD/LKR advanced from 185.65 to 183.05
This story is available exclusively to subscribers. Become an member and start reading now.
Sri Lanka Rupee has gained momentum against the United States dollar. It was trading around 185.50 for the last three months again back to 183.00 today. CBSL has been a net buyer of the FX since May, the arrangement of currency swap USD 400mn with India, and the Repo Agreement of USD 1Bn with FED has given a better foot for LKR.


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.