Economics
Foreign Inflows into Sri Lanka’s Government Securities Rise Amid Deflationary Policies
Foreign investment in Sri Lanka’s government securities rose 15.7% last week, reaching 50.6 billion rupees, driven by deflationary policies and U.S. Federal Reserve rate cut expectations. The peaceful election of JVP’s Anura Kumara Dissanayake boosted investor confidence.
Markets
Sri Lankan Rupee Strengthens to 293.30/50 Against US Dollar; Bond Yields Rise
The Sri Lankan rupee strengthened to 293.30/50 against the US dollar, while bond yields rose. Key bond yields for 2027, 2028, and 2029 maturities increased. Colombo’s All Share Index fell 0.08%, and the S&P SL20 dropped 0.43%, with a market turnover of 1 billion rupees.
Latest Gold Price in Sri Lanka: 15th October 2024
As of 15th October 2024, gold prices in Sri Lanka are: Rs. 778,364 per ounce, Rs. 27,460 for 24K per gram, Rs. 25,180 for 22K per gram, and Rs. 24,030 for 21K per gram. Prices for 8 grams (1 pawn) range from Rs. 219,650 to Rs. 192,250.