Inflation ( CCPI)0.9% (March 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate10.03%
12M T-Bill Rate10.23%
2Y T-Bond Rate10.85%/ 11.00%
4Y T-Bond Rate12.10% / 12.20%
USD/LKR300/301
Reserves $4.951Bn (March 2024)
Cum. Trade Deficit $860 Mn (Feb 2024 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

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 feedback.lk, 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.

Disclaimer

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.