Sri Lanka rupee set to fall further

A combination of factors is undermining the Sri Lankan rupee (LKR). High oil prices are considered a major threat to the economic growth outlook and oil import costs have soared since the beginning of the year. With current oil prices well above first-quarter rates and no sign of a sharp downward adjustment on the horizon, such pressures are likely to worsen.

Significantly, the rise in oil prices has yet to feed into the economy – the government has frozen fuel costs since February. This cannot

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: