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%
USD/LKR298/299
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Majority of the public believe LKR to deprecate beyond Rs. 375 by end of May

Opinion pollsMay 3, 2022
Majority of the public believe LKR to deprecate beyond Rs. 375 by end of May
LKR has been depreciated heavily in the last few months. Usable official foreign reserves have fallen due to weak FX inflows and increasing trade deficit. CBSL decided to suspend the external debt payments to limit the FX outflow from the country. The country is facing mounting pressure to settle FXs for importing day-to-day essential goods and services. Demand for FX has been growing while FX flow becoming limiting.

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