MacroLens Colombo
The morning desk note
Issue 32 · Wednesday 30 September 2026
The desk read
(analyst view): RISK-ON · EXTERNALS WATCH RATING + - Fitch to B- from CCC+ on 22 Sep, outlook stable - first step out of the CCC bucket RATES + - 364-day at 9.93% and still under 10%; all three auction yields edged up on 23 Sep FX + - rupee +2.4% in Aug; CBSL buying dollars, not defending RESERVES + - $6.905bn end-Aug, +4.6% m/m; CBSL absorbed $579m in Aug CREDIT + - +26.4% y/y Jul - domestic demand still running hot OIL + - Brent $102.59, -2.6% d/d on 29 Sep - oil remains above $100 and import-bill risk persists EXT ACCT - - four straight monthly current-account deficits to Jul TOURISM - - Aug arrivals -3.3% y/y; Sep 1-27 tally 143,623
The morning brief
SRI LANKA
- Pan Asia Bank plans Rs. 4 b Tier 2 debenture issue (Daily FT, 29 Sep 2026)
- Sri Lanka to spend Rs. 40.65 Bn for three-month diesel price relief (Newswire, 29 Sep 2026)
- Cabinet approves Sri Lanka-Brazil pact to modernize dairy industry (Newswire, 29 Sep 2026)
- Sri Lanka invites Malaysian corporates to partner in next growth phase (Daily FT, 29 Sep 2026)
WORLD
- Fed's Barr says more rate hikes likely to be needed to curb inflation (Reuters, 29 Sep 2026)
- Battered bond market braces for a new era of interest rates (Reuters, 29 Sep 2026)
- Oil giants rush to help Italy's Meloni curb energy costs with fuel price caps (Reuters, 29 Sep 2026)
- US ban on Canadian alcohol and dairy comes into effect as trade war drags on (BBC, 29 Sep 2026)Rupee board
USD / LKR: 330.63 EUR / LKR: 375.07 GBP / LKR: 437.37 AUD / LKR: 231.08 JPY / LKR: 2.101 INR 100 / LKR: 344.18
Policy & prices
Overnight policy rate: 8.75% [22 JUL] SDFR / SLFR corridor: 8.25 / 9.25 [22 JUL] CCPI inflation y/y: 8.0% [31 AUG] Petrol 92, Rs / litre: 399 [31 AUG] Auto diesel, Rs / litre: 382 [31 AUG] Tea avg, Rs / kg: 1,174 [AUG NSA]
T-bills
91-day: 9.20% [▲2BP] 182-day: 9.37% [▲1BP] 364-day: 9.93% [▲5BP]
Sources stay attached
Oil: Reuters-attributed report carried by Mint. Other readings carry their publisher and date in the full email and on the live desk.
Not investment advice. Model readings and sector sensitivities are analyst estimates.