Do you think the rupee will recover again or keep falling from here?
Just a few weeks ago the USD was around 320 rs, now suddenly it’s pushing into the 340+ range again.
Every time it feels like things are stabilizing, the rupee starts weakening again. Some people are blaming oil prices and the Middle East situation, others are saying this was inevitable because imports are rising again and Sri Lanka simply doesn’t have enough USD flowing in consistently.
What’s interesting is that everyone seems divided right now:
Some say this is just temporary panic and the rate will settle back down.
Others think this is only the beginning and we could see the rupee weaken much more by the end of the year.
Genuinely curious what people here think.
Is this just a short-term spike?
Or are we slowly heading back into another rough period for the LKR?
Do you see the USD dropping back down again in the next few months once things settle… or do you think this is the start of another long upward climb against the LKR?