Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.14%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.10%/ 10.20%
4Y T-Bond Rate11.60% / 11.70%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

Monsoon pushes the hydroelectricity generation to save the FX reserves

OtherSep 6, 2022
Monsoon pushes the hydroelectricity generation to save the FX reserves

The late monsoon has pushed the hydroelectricity generation toward 60% of the total generation in the first week of September. It was just 38% in last year same period. At that time the balance was fulfilled by coal.

The coal usage has been 31% in the last few weeks, while thermal power generation has fallen below 5%, which will help the country to save FX reserves.

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