Sri Lanka Rupee steady after experiencing wild swing in April. LKR lost the ground in April against USD due to the mounting risk of defaulting of Sri Lanka Sovereign Bonds. But CBSL successful in managing the exchange by implementing tight import controls and providing concession for FX inflows. CBSL became net buyer of FX in the month of May. Countries that able to manage the spreading COVID19 such as Vietnam, Sri Lanka seem to feel comfortable in managing exchange. Global investor, Mark Mobius says "Most emerging market currencies have been relatively stable in the crisis".
Sri Lanka Rupee steady after experiencing wild swing in April
Exchange RateJun 30, 2020