Bloomberg Markets Predicts LKR's Possible Depreciation Against USD

Abstract

Bloomberg reported that the Sri Lankan rupee may deteriorate as a result of upcoming debt repayments. In March 2023 Verite Research took the view that greater volatility in exchange rates increases uncertainty and risk for businesses as well as investments. Therefore it can be more important for Sri Lanka to focus on minimizing the volatility of the exchange rate, rather than maximising its appreciation.