Vetted by NeuralPress's Multi-Agent Verifier for strict factual validity and event relevance. Our compliance engine cross-checks and filters search results to ensure zero false correlations or misleading content.
Historical Rupee Depreciation vs Economic Impact
Visualizing the devaluation of the LKR against USD over key periods.
Primary Sources
Sri Lanka stocks trend up, diversified financials lead turnover
ECONOMYNEXT – The self-congratulatory and almost gloating terms in which the return of monetary depreciation and accompanying rise in the cost of living towards the central bank’s inflation target is welcomed by macro-economists is in bad taste. Inflation is nothing other than an immoral philosophy cooked up by post-1960s macroeconomists who rejected classical economic theory for statistics and visited great privations upon vast populations. The return of depreciation and inflation which will eat into consumption undermining living standards, put capital expenditure projects out kilter by inflating planned costs and sabotage plans by the government to bring down electricity costs, is nothing to crow about. Though it may give short term profits to companies and banks and early customers that are closest to the inflationary operations of the central bank, inflation and depreciation will kill growth and costs will ultimately catch up. Gloating over the rising cost of living? “The current low level of inflation, at 1.6 percent (y-o-y) in February 2026, relative to the target of 5 percent, provides sufficient space to accommodate the impact of higher energy prices and their spillovers on inflation,” the central bank claimed in its last monetary policy statement after depreciating the rupee from 300 to 315 after printing money through swaps and denying convertibility for more than a year. “Given the latest available data and prevailing uncertainties, inflation is now expected to reach the target of 5 percent in Q2-2026, earlier than previously anticipated,” the central bank statement added in self-congratulatory terms. “Inflation is projected to remain around the target thereafter. available data and prevailing uncertainties, inflation is now expected to reach the target of 5 percent in Q2-2026, earlier than previously anticipated. “Inflation is projected to remain around the target thereafter.” Where is the space in the people’s family finances? How can the central bank claim there is ‘space’ to accommodate higher prices, after destroying people’s wages, pensions and Employees Provident Fund balances by busting the rupee from 184 to 300 from 2022 to 2023 and from 131 to 184 to the US dollar from 2015. What family has ‘space to accommodate’ the rise in cost of living? How can a state agency frame the hardships it inflicts on the poor, with higher food and energy prices, the overall reduction of disposable incomes of the citizenry of a nation, and the losses it i...
Sri Lankan (CSE) Market Analysis & Valuation - Updated Today
UpdatedApr 19, 2026DataAggregated Company FinancialsCompanies2627D3.2%3M-3.7%1Y44.7%YTD-0.3%Over the last 7 days, the market has risen 3.2%, driven by gains in every sector, especially the Consumer Staples sector. In the last year, the market has climbed 45%. Earnings are forecast to grow by 28% annually.Market Valuation and PerformanceHas the Sri Lankan Market valuation changed over the past few years?DateMarket CapRevenueEarningsPEAbsolute PEPSSun, 19 Apr 2026LK₨8.1tLK₨8.0tLK₨747.4b13.8x10.8x1xTue, 17 Mar 2026LK₨7.6tLK₨7.8tLK₨771.9b12.3x9.9x1xThu, 12 Feb 2026LK₨8.3tLK₨7.9tLK₨802.4b13.3x10.3x1.1xSat, 10 Jan 2026LK₨8.3tLK₨7.8tLK₨797.5b13.3x10.4x1.1xMon, 08 Dec 2025LK₨7.6tLK₨7.8tLK₨797.2b12.3x9.5x1xWed, 05 Nov 2025LK₨8.1tLK₨7.3tLK₨853.2b13.9x9.5x1.1xFri, 03 Oct 2025LK₨7.7tLK₨7.3tLK₨849.3b12.7x9.1x1.1xSun, 31 Aug 2025LK₨7.4tLK₨7.3tLK₨848.0b12.5x8.7x1xTue, 29 Jul 2025LK₨6.8tLK₨7.1tLK₨795.6b12.1x8.6x1xThu, 26 Jun 2025LK₨6.2tLK₨7.2tLK₨797.1b10.9x7.8x0.9xSat, 24 May 2025LK₨5.8tLK₨6.9tLK₨713.0b9.5x8.2x0.8xMon, 21 Apr 2025LK₨5.5tLK₨6.9tLK₨691.9b8.9x7.9x0.8xWed, 19 Mar 2025LK₨5.4tLK₨6.9tLK₨691.9b8.7x7.8x0.8xFri, 14 Feb 2025LK₨5.8tLK₨6.6tLK₨654.4b10x8.8x0.9xSun, 12 Jan 2025LK₨5.6tLK₨6.6tLK₨649.6b10x8.6x0.9xTue, 10 Dec 2024LK₨4.9tLK₨6.6tLK₨653.8b9x7.5x0.7xThu, 07 Nov 2024LK₨4.5tLK₨6.5tLK₨557.0b7.8x8.2x0.7xSat, 05 Oct 2024LK₨4.3tLK₨6.5tLK₨563.8b7.8x7.6x0.7xMon, 02 Sep 2024LK₨3.9tLK₨6.5tLK₨553.1b7.5x7.1x0.6xWed, 31 Jul 2024LK₨4.2tLK₨6.4tLK₨511.7b8.1x8.2x0.7xFri, 28 Jun 2024LK₨4.4tLK₨6.3tLK₨510.5b8.2x8.7x0.7xSun, 26 May 2024LK₨4.8tLK₨6.6tLK₨475.6b9.2x10.1x0.7xTue, 23 Apr 2024LK₨4.6tLK₨6.4tLK₨460.3b8.7x10x0.7xThu, 21 Mar 2024LK₨4.4tLK₨6.4tLK₨462.8b8.6x9.5x0.7xSat, 17 Feb 2024LK₨4.1tLK₨6.4tLK₨445.1b7.8x9.1x0.6xMon, 15 Jan 2024LK₨4.3tLK₨6.5tLK₨385.5b7.7x11.2x0.7xWed, 13 Dec 2023LK₨4.4tLK₨6.5tLK₨373.4b7.8x11.8x0.7xFri, 10 Nov 2023LK₨4.5tLK₨6.6tLK₨371.5b7.3x12x0.7xSun, 08 Oct 2023LK₨4.5tLK₨6.8tLK₨392.2b7.7x11.5x0.7xTue, 05 Sep 2023LK₨4.6tLK₨6.7tLK₨404.4b7.7x11.4x0.7xThu, 03 Aug 2023LK₨4.7tLK₨6.7tLK₨472.7b7.4x9.8x0.7xSat, 01 Jul 2023LK₨4.0tLK₨6.9tLK₨516.0b6x7.8x0.6xMon, 29 May 2023LK₨3.7tLK₨6.8tLK₨635.1b5.7x5.8x0.5xWed, 26 Apr 2023LK₨3.9tLK₨6.8tLK₨675.3b5.8x5.8x0.6xPrice to Earnings Ratio 5.8xWed, 26 Apr 2023Total Market Cap: LK₨3.9tTotal Earnings: LK₨675.3bTotal Revenue: LK₨6.8tTotal Market Cap vs Earnings and Revenue0%0%0%Sri Lankan Market Price to Earnings3Y Average 9.1x202420252026Current Market PEInvestors are optimistic on the Sri Lankan market, and appear confident in ...
Sri Lanka's economy grew by 5 % in 2024: Central Bank
A low inflation - low interest rate environment, together with a stable financial sector, has formed a conducive environment for the Sri Lankan economy to achieve its potential. Furthermore, positive market sentiments and stable political conditions along with macroeconomic policy consistencies have set the environment for the country to thrive."
Purchasing Managers Index - Central Bank of Sri Lanka
Purchasing Managers IndexThe Statistics Department of the Central Bank of Sri Lanka (CBSL) initiated conducting PMI survey for Manufacturing and Services sectors in the country starting from May 2015. The purpose of the survey is to provide purchasing professionals, business decision-makers and economic analysts with a timely set of data to help better understand industry conditions. This ...
