Local *CBSL reduced SRR by 200 basis points. Treasury rates dropped compared to July. *LKR appreciated against USD by 2.62%. ASPI and S&P SL20 drops by 1.43% and 1.58%
Global *Russia has raised its key interest rates by 350 basis points.
LKR depreciated against USD by 5% during last two weeks mainly due to SL banks building up foreign reserves after DDO announcement, foreign investors gradually leaving SL treasury market and the government removing few import restrictions.
