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)

Sri Lanka Rupee appreciated by 1.86% against USD year so far

Exchange RateJan 24, 2024
Sri Lanka Rupee appreciated by 1.86% against USD year so far

Low imports due to higher taxes along with weakening the buying power of the Sri Lanka consumers made LKR to gain against USD for year so far. Sri Lanka received the IMF 2nd tranche of USD 337Mn in December 2023, which followed by USD 200Mn from ADB and USD 100Mn from the World Bank. All the above factors are in favour of a strong domestic currency.

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