{"id":55238,"date":"2020-12-29T10:22:40","date_gmt":"2020-12-29T10:22:40","guid":{"rendered":"https:\/\/websitedesigns.com.au\/elankanew\/?p=55238"},"modified":"2020-12-29T10:22:40","modified_gmt":"2020-12-29T10:22:40","slug":"cbsl-expects-rupee-to-appreciate-within-next-few-days","status":"publish","type":"post","link":"https:\/\/websitedesigns.com.au\/elankanew\/cbsl-expects-rupee-to-appreciate-within-next-few-days\/","title":{"rendered":"CBSL expects Rupee to appreciate within next few days"},"content":{"rendered":"<h1 style=\"text-align: center;\"><span style=\"color: #003366;\">CBSL expects Rupee to appreciate within next few days<\/span><\/h1>\n<p><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-55239 aligncenter\" src=\"https:\/\/websitedesigns.com.au\/elankanew\/wp-content\/uploads\/2020\/12\/The-Central-Bank.jpg\" alt=\"The Central Bank\" width=\"600\" height=\"340\" \/><\/p>\n<p><strong><span style=\"font-size: 20px; color: #800000;\">Source:<\/span><\/strong><span style=\"color: #000000;\"><a style=\"color: #000000; font-size: 20px;\" href=\"https:\/\/ceylontoday.lk\/news\/cbsl-expects-rupee-to-appreciate-within-next-few-days\" target=\"_blank\" rel=\"noopener noreferrer\">Ceylontoday<\/a><\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The Central Bank of Sri Lanka (CBSL) has issued a press release in the light of recent increase in the volatility of the exchange rate. It states that the CBSL expects the Rupee to appreciate within the next few days and reach a level where the USD is lower than Rs. 185<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">The CBSL has stated that the official reserves remain at sufficient levels and that at present, the gross official reserves are at USD 5.6 billion.<\/span><!--more--><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">Meanwhile, discussions with the Central Bank\u2019s domestic and foreign counterparts to boost the level of reserves are also reaching an advanced stage of conclusion according to the release.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-size: 20px; color: #000000;\">&#8220;The receipt of these expected inflows as well as ongoing improvements in the domestic production economy leading to the expansion of foreign exchange earnings will facilitate the maintenance of exchange rate stability while meeting Sri Lanka&#8217;s debt obligations,&#8221; the release states.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBSL expects Rupee to appreciate within next few days Source:Ceylontoday The Central Bank of Sri Lanka (CBSL) has issued a press release in the light of recent increase in the volatility of the exchange rate. It states that the CBSL expects the Rupee to appreciate within the next few days and reach a level where [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":55239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"aside","meta":{"footnotes":""},"categories":[20],"tags":[31677],"class_list":{"0":"post-55238","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-articles","8":"tag-the-central-bank","9":"post_format-post-format-aside"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBSL expects Rupee to appreciate within next few days<\/title>\n<meta name=\"description\" content=\"The Central Bank of Sri Lanka (CBSL) has issued a press release in the light of recent increase in the volatility of the exchange rate.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, 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