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)

LKR continue to appreciate against USD after president claimed external debt payment delay till 2028

Exchange RateMar 11, 2024
LKR continue to appreciate against USD after president claimed external debt payment delay till 2028

Reduced expectations of USD outflow, driven by lower imports, enhanced tourism, increased worker remittances, and a downturn in economic performance, have recently contributed to the strengthening of the LKR.

Moreover, the value of the LKR has experienced further uplift following the announcement by the president on a delay in external debt payments until 2028.

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