Sri Lanka rupee appreciated 3.8-pct against the US dollar up to 28 May 2019

May 29, 2019 (LBO) – Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018.

“Along with the significant reduction in the trade deficit and significant inflows to the financial account, the Sri Lankan rupee appreciated against the US dollar by 3.8 percent by end March 2019 compared to end 2018,” the Central Bank of Sri Lanka said.

“Despite the marginal depreciation of the rupee in the aftermath of the Easter Sunday bomb attacks, it recorded an appreciation of 3.8 per cent during the year up to 28 May 2019.”

Sri Lanka’s rupee opened firmer at 176.10/25 to the US dollar in the spot market on Wednesday.