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)

Country to save millions of foreign currency thanks to rain

EnergyNov 4, 2022
Country to save millions of foreign currency thanks to rain

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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