The USD/LKR rate has seen a slight uptick in the last month after hitting a yearly low of 296 at the end of April.

⭕ CBSL has been buying USD from the domestic foreign exchange market to boost the country's FX reserves, which likely caused the rate spike. In April, CBSL likely bought around $500 million from the market.

⭕ Keep a close eye on the latest exchange rates at: https://t.co/PITfVwWGMe