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)

Average Daily Inter bank trading volume of foreign currency surged six month high

Exchange RateOct 5, 2024
Average Daily Inter bank trading volume of foreign currency surged six month high

The average daily trading volume of foreign currency surged to USD 78.3 million by the end of the first week of October, compared to the previous six-month average of USD 39 million. This sharp increase in trading activity has significantly strengthened the LKR against the USD during the week.

The heightened volume likely reflects increased market liquidity and a stronger demand for the local currency, contributing to its appreciation. Such movements could be driven by factors like improved investor sentiment, capital inflows, or shifts in trade dynamics.

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