The Sri Lankan rupee has appreciated further, roughly 4.7% for this year thus far. The currently USD/LKR bid ask is 174.45/50.
This was attributed mainly due to high US dollar inward remittances from expatriate workers for the Sinhala and Tamil news celebrations. Market also continued the positive sentiment for the fifth consecutive day with the renewed buying interest witnessed on the banking counters. ASPI witnessed a volatile upward trend throughout trading reaching a intraday high of 5,610 and closed for the day at 5,597, gaining 19 points. A net foreign inflow was witnessed amid high foreign participation.
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