Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.90%
12M T-Bill Rate10.21%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Hydropower generation hampered further with prevailing drought

Stock MarketMar 27, 2022
Hydropower generation hampered further with prevailing drought

The present low water levels in the reservoirs due to the severe drought has deteriorated the hydropower generation further. Castlereagh Reservoir has dropped to 13.41 meters from the spill level, Maussakelle Reservoir to 12.84 metres, Samanalawewa Reservoir down to 23.24 metres, Kotmale Reservoir to 24.10 metres, Victoria Reservoir has been lowered to 24.72 metres and Randenigala Reservoir too declines at an alarming level to 8.48 metres.


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