Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

Country to save millions of foreign currency thanks to rain

EnergyNov 4, 2022
Country to save millions of foreign currency thanks to rain
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The electricity generation from thermal fuel has turned almost to zero for the last two weeks. Hydroelectricity generation accounted for more than 65% of the total generation and has prevented substantial FX outflow.

But it is expected to lose the benefit starting from December as the composition of hydro seems deteriorating as per the historical data.

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