Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Public and market professionals expect Rupee to depreciate further in July

Opinion pollsJun 30, 2022
Public and market professionals expect Rupee to depreciate further in July

As per the monthly poll conducted by, the majority (56%) of the public and 52% of the financial market professionals expect LKR will depreciate above 375 per one dollar by end of July. Last month majority expected the USD/LKR will be between 350 to 375.

The unavailability of foreign currency has not improved during the last couple of months. The slowing down of the imports has taken ever some part of the pressure on the USD/LKR. Currently, CBSL is guiding the FX market by providing middle and allowing some percentage of variation from the middle rate.


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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.