Inflation ( CCPI)-0.5% (Sep 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.32%
12M T-Bill Rate9.95%
2Y T-Bond Rate10.37%/ 10.45%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR292/293
Reserves $5.99Bn (Sep 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 2024)

Public expect USD/LKR to be in the range of 300 - 320 while industry participants expect 320-340

Opinion pollsApr 30, 2023
Public expect USD/LKR to be in the range of 300 - 320 while industry participants expect 320-340

The monthly poll conducted by feedback.lk, revealed that the public expects USD /LKR would hold around 300 - 320 by the end of May while the capital market participants expect it to be depreciated to the range of 320 -340.

The expectation of large depreciation of LKR above 340 shows a reduction during the last three months. Also the public seems not to expect substantial appreciation beyond 300 also.

Disclaimer

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The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.