Rupee appreciates 3.6 %, reserves reach USD 6.7 bn

November 18, 2024

political Current Affairs

Rupee appreciates 3.6 %, reserves reach USD 6.7 bn ^Featured

June 11, 2019

During the year up to June 7, 2019 the Sri Lanka rupee appreciated against the US dollar by 3.6percent. Given the cross currency exchange rate movements, the Sri Lanka rupee appreciated against the pound sterling (3.5percent), Japanese yen (1.7percent), the euro (5.1percent) and the Indian rupee (2.4percent) during this period.

The gross official reserves were estimated at US dollars 6.7billion as at May 31, 2019. Weekly AWPR for the week ending June 7, 2019 decreased by 38 bps to 11.44% compared to the previous week. The reserve money increased compared to the previous week mainly due to the increase in currency in circulation and deposits held by the commercial banks.
The total outstanding market liquidity was a surplus of Rs. 44.49 billion by end of the week, compared to a surplus of Rs. 71.23 bn by the end of last week. By June 7, 2019, the All Share Price Index (ASPI) decreased by 0.24% to 5,298.2 points and the S&P SL 20 Index decreased by 0.40% to 2,459.9 points, compared to the previous week.