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තව ලොකු වෙනසක් වෙන එකක් නෑ.. ආයේ වෑඩි වෙන්න පටන් ගන්න කලින් ඕනේ නම් ඩොලර් රුපියල් කරලා එෆ් ඩී දාපල්ලා. එෆ් ඩී රේට් ලගදිම බහින්න ගන්නවා. ඒක තමා නන්දලාල්ගේ ප්ලෑන් එක.
වරදින්න හරි හරියන්න හරි ඔච්චර තමා තියෙන එකම ක්රමේ මට පේන විදිහට.. සිහින මාලිගා වලින් ගොඩ යන්න බෑ.. ප්රායෝගික ක්රමේ මේක තමා
හෑබෑයි මේ වෙච්ච දේවල් වලින් තේරෙන ලොකුම දේ තමා හොරකම් නොකරන සෙට් එකක් බලයට ආවොත් ලන්කාව නිකන්ම ගොඩ යනවා කියන එක
වරදින්න හරි හරියන්න හරි ඔච්චර තමා තියෙන එකම ක්රමේ මට පේන විදිහට.. සිහින මාලිගා වලින් ගොඩ යන්න බෑ.. ප්රායෝගික ක්රමේ මේක තමා
හෑබෑයි මේ වෙච්ච දේවල් වලින් තේරෙන ලොකුම දේ තමා හොරකම් නොකරන සෙට් එකක් බලයට ආවොත් ලන්කාව නිකන්ම ගොඩ යනවා කියන එක
Sri Lanka CB aggressive dollar buying prevented sharp rupee appreciation – dealers
Thursday March 9, 2023 2:41 pm
ECONOMYNEXT – Sri Lanka’s Central Bank’s “aggressive” dollar buying has prevented sharp appreciation of the rupee, dealers say, as the currency is expected to be on a rising trend against the US dollar for some time with positive sentiment on pending IMF Board loan approval.
The rupee is trading between 312-318 against the US dollar compared to 360 level a week ago, showing a near 15 percent rise.
The sharp appreciation comes amid speculation over dollar inflows from International Financial Corporation into three private banks and further inflows soon after the International Monetary Fund (IMF) Executive Board approval of a $2.9 billion loan later this month.
“The rupee would have easily hit 275 rupees against the dollar if not for the central bank’s aggressive buying,” a currency dealer told EconomyNext asking not to be named.
“This is mainly due to exporters selling their dollar holdings to have cash inflows for the future without borrowing at a high cost after the central bank raised the interest rates.”
“The volume of dollar conversion has declined today and I think the rupee will stabilize somewhere around 310 level. But it all depends on where the central bank wants the rupee.
The central bank in a surprise move raised the policy rates by 100 basis points on Friday (3), a move backed by the IMF.
Other analysts said the central bank has bought more than $100 million from the market in the last three days.
“The appreciation will continue as long as the central bank’s import ban and non-repayment of foreign loans continues,” another currency dealer said.
The rupee rise has led to a reduction in the price of several imported goods including wheat flour and sugar.
The currency, which became the world’s best performing currency so far this year, is expected to decline and lose almost a fourth of its value against the dollar by end-2023, Fitch Solutions has predicted, Bloomberg has reported.
Currency dealers, however, said the 390 rupee per dollar year-end estimation by Fitch “may be unlikely”.
“The same rating agency gave a high rating for banks which faced closure in 2008 due to subprime mortgages. However, the rupee may come under pressure when the import ban is removed, but we do not see it going to the level Fitch has expected,” a third dealer said.
Sri Lanka’s rupee collapsed from around 200 against US dollar to 370 within a few weeks last year after the central bank artificially propped up the local currency amid printing trillions of rupees in 2020 and 2021, which also led the country to see hyper inflation.
Analysts say exporters can still hold the dollars in their foreign account for import requirements though the central bank has asked them to convert all the dollars within 180 days.
Many Sri Lankan businesses have opened branches in Dubai, Singapore, and Hong Kong among many other foreign countries since the unprecedented economic crisis started in mid 2022. (Colombo/March09/2023)
- https://economynext.com/sri-lanka-c...nted-sharp-rupee-appreciation-dealers-114844/
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apita podi restructure ekak karala mechchra goda emak enna puluwan kiyanne...
horu nathuwa sirawata 5 year plan ekak gahuwoth eastern europe ratakatath wada level ekakata enna puluwan..
ඔව් මට හිතෙන්නෙ මේක තමයි. මෙයිට වැඩිය ඩ්රොප් කරන්න ගියොත් හොඳ එකෙන් කෙලවගන්න වෙන්නෙ.
Fitch maintained its forecast for the rupee to weaken to a record low of 390 per dollar by year-end.
https://www.newsfirst.lk/2023/03/09/sri-lanka’s-rupee-will-reverse-gains-and-plummet-fitch/
https://www.newsfirst.lk/2023/03/09/sri-lanka’s-rupee-will-reverse-gains-and-plummet-fitch/
mata hithenne free fall eka mulin awe demand eka adu nisa
passe panic selling ekka thawa drop wenawa
CB dollar tika gattu gaman dollar shortage ekak ekka ayeth demand eka wedi wenawa
CB eka ganata oka balance karagena purchase karai unnatural demand ekak hadenne nathi widiyata
ultimately CB reserves wedi karaganna oni long run hari api goda enna
