Economic and Currency Updates
Sri Lanka's rupee weakened below 332 against the US dollar amid liquidity and forex market concerns. Economic discussions included currency fluctuations and bond market movements.
The rupee's doing limbo—how low can it go?—while bond yields are just vibing up like they're at a music festival nobody asked them to attend. Meanwhile, someone's dusting off their "central bank's greatest hits from 2015-2019" mixtape, because apparently nostalgia hits different when your currency's in free fall.
Morning News Brief 23 October 26 #SriLanka #CSE #StockMarket #LKR #Investing #Economy #EmergingMarkets #Colombo #GlobalMarkets https://t.co/IsZU4UnYMZ
#SriLanka's rupee weakened below 332 to close at 332.20/35 to the US dollar, dealer said amid high excess liquidity while bond yields edged up. There have also been some foreign selling in rupee bonds this week. The central bank in triggering forex crises during 2015-2019, in the