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)

Despite multiple challengers, CBSL turned to be a net buyer of FX for second consecutive month

Exchange RateOct 15, 2022
Despite multiple challengers, CBSL turned to be a net buyer of FX for second consecutive month

Mandatory conversion of export proceedings, declining imports and scaling down the unofficial FX market boost the CBSL FX purchasers from the market. CBSL has bought FX worth of $239Mn and sold $ 172Mn during September. This help to build the international reserves once again.

CBSL was net purchaser of $ 15Mn August, after monetary authorities were net sellers for ten months continuously.

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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.

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