Sri Lanka’s external sector stabilised further in June 2020, with the gradual normalisation of domestic economic activity, the Central Bank of Sri Lanka (CBSL) said yesterday adding that workers’ remittances recorded a growth in June, for the first time since the outbreak of the COVID-19 pandemic.
The trade deficit declined in June 2020 (year-on-year), with a more than expected rebound in merchandise exports and notable reduction in merchandise imports on account of restrictions on non essential imports.
During the month, both the government securities market and the Colombo Stock Exchange (CSE) recorded some outflows. Supported by the reduction in the trade deficit, the Sri Lankan rupee recorded a marginal appreciation during June 2020.
Here's the full report of External Sector Performance -June. 2020 .