Inflation ( CCPI)-0.5% (Sep 2024)
GDP4.7% (2Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate10.06%
12M T-Bill Rate10.04%
2Y T-Bond Rate10.40%/ 10.50%
4Y T-Bond Rate11.80% / 11.90%
USD/LKR295/296
Reserves $5.9Bn (Aug 2024)
Cum. Trade Deficit $2,550 Mn (June 2024 cumulative)
Cum. Fiscal DeficitLKR 599Bn (June 2024)

Exchange Rate

FeaturedOct 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 shif

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