Inflation ( CCPI)-2.1% (Nov 2024)
GDP5.5% (3Q 2024)
Unemployment4.5% (1Q 2024)
3M T-Bill Rate8.66%
12M T-Bill Rate9.02%
2Y T-Bond Rate9.40%/ 9.50%
4Y T-Bond Rate10.45% / 10.55%
USD/LKR291/292
Reserves $6.46Bn (Nov 2024)
Cum. Trade Deficit $4,762 Mn (Oct 2024 cumulative)
Cum. Fiscal DeficitLKR 970Bn (Sep 2024 cumulative)

USD strong versus most currencies but LKR is seems to be outlier

Exchange RateNov 25, 2022
USD strong versus most currencies but LKR is seems to be outlier

The US dollar (USD) has had a strong year versus most currencies in the world. The rise of the USD has coincided with economic weakness in many foreign nations during a time the US Federal Reserve has been increasing interest rates, which in turn has fueled demand for US Treasury Bonds and the US currency.

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