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As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]
[…]The post Why The Sri Lankan Rupee Is Appreciating appeared first on Colombo Telegraph.
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (March 19), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on March 19, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (February 02), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on February 02, 2024 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Rising gold-backed lending among Sri Lanka’s finance and leasing companies (FLC) sector is exposing financiers to higher collateral price risk and making them more susceptible to any adverse movements in gold prices, says Fitch Ratings.The post Rising gold-backed loans elevate risks for Sri Lankan finance companies – Fitch appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top St...
Sri Lanka stood pat on borrowing costs for the first time in three meetings, after slashing the cash ratio for banks to bolster domestic liquidity and growth.The post Sri Lanka Holds Rates After Bank Cash Ratio Cut for Growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (August 02), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciated against U.S. Dollar on August 02, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (July 26), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar on July 26, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee registered slightly firmer against the US Dollar today (24), as per the figures of the Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (July 18), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar on July 18, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (July 17), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar on July 17, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (July 11), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar on July 11, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (July 10), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar on July 10, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The Sri Lankan Rupee (LKR) has appreciated against the US dollar (USD) today (July 06), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee appreciates against U.S. Dollar on July 06, 2023 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLC) Issuer Default Rating (IDR) to 'C' from 'CC'. The issue ratings on local-currency bonds have also been downgraded to 'C' from 'CC'.The post Fitch Downgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘C’ appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Fitch Ratings has warned of risks in Sri Lanka’s domestic debt restructuring plan but noted that it resolves uncertainties around its impact on the local banking sector. The Sri Lankan Government’s proposal for treatment of domestic debt marks a significant step towards resolving uncertainties around the impact of the sovereign’s debt restructuring on the local […]
The Sri Lankan Rupee saw a slight appreciation against the US Dollar today after depreciating last week. The Central Bank of Sri Lanka said that the SL Rupee was selling at Rs. 314.98 and buying at Rs. 299.87. Meanwhile, the Colombo stock market recorded a strong performance
Sri Lankan Rupee ended slightly stronger against the US Dollar today, as per the figures of Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee has marginally appreciated today, based on the latest data regarding the buying and selling rates of the US Dollar released by the Central Bank of Sri Lanka (CBSL).
Sri Lanka’s State Minister of Finance Ranjith Siyambalapitiya said on Friday (June 16) that import of vehicles cannot be allowed at this moment under the prevailing economic situation.The post Sri Lanka’s Finance State Minister says vehicle imports cannot be allowed yet appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Sri Lankan Rupee today (16 June) appreciated against the US Dollar, as per the reports of the Central Bank of Sri Lanka (CBSL).
The Sri Lankan Rupee depreciated even further against the US Dollar today, with the buying rate reported at Rs. 311.60 and the selling rate reported at Rs. 328.92. The Sri Lankan Rupee has been depreciating against the USD this week. However, State Minister of Finance Ranjith Siyambalapitiya
The Sri Lankan Rupee had further depreciated against the US Dollar today (15 June), the Central Bank of Sri Lanka (CBSL) reported.
The Sri Lankan rupee depreciated to 303.19 against the US Dollar, on Wednesday, according to the Central Bank of Sri Lanka (CBSL). The selling rate of the US dollar rose to Rs 318.99. The rupee saw several weeks of appreciation against the US dollar. The CBSL announced
he Sri Lankan Rupee (LKR) has depreciated against the US dollar (USD) today (June 12), according to the Central Bank of Sri Lanka (CBSL).The post Sri Lankan Rupee depreciates against U.S. Dollar appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
The Sri Lanka Telephone Dealers’ Association on Saturday announced a 20 percent reduction in the prices of mobile phones.The Association’s President Samith Senarath said the decision had been taken due to the appreciation of the Sri Lankan rupee against the US dollar. Senarath
The Sri Lankan Rupee today (June 01) further appreciated against the US Dollar, the Central Bank of Sri Lanka (CBSL) reported.
The Sri Lankan Rupee appreciated by 22.9% against the US dollar, during the year up to 31 May 2023, according to the Central Bank of Sri Lanka (CBSL).
The Sri Lankan rupee has shown a notable appreciation of 19.8 percent against the US dollar this year, from the period spanning up to 26 May 2023, according to Central Bank statistics The Sri Lankan rupee has also experienced significant appreciation against various currencies during this timeframe