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Thursday, June 8, 2023

LKR devaluation insufficient to arrest falling dollar inflows: CT CLSA

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Expects currency to be further devalued or free-floated CT CLSA in a report titled “Implications of Currency Devaluation by 13.3%” published yesterday (8) claimed that the 13.3% devaluation of the Sri Lankan rupee by the Central Bank of Sri Lanka (CBSL) isn’t sufficient to arrest the falling US dollar inflows[…]

The post LKR devaluation insufficient to arrest falling dollar inflows: CT CLSA appeared first on The Morning – Sri Lanka News.

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