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Sri Lanka aims to transform its economy and commence debt repayments by 2028, President Anura Kumara Dissanayake stated in his first full budget. The budget aligns with a $2.9 billion IMF bailout, targeting a primary surplus of 2.3% of GDP and significant poverty reduction while maintaining stable exchange rates.
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News and Media
Globally also, if we look at various parameters which include the easing off of US bond yields as well as the easing off of the US dollar, all those also are sort of positive for emerging markets along with the significant rallies which we have started to see in some emerging markets, the large markets like Brazil, Hong Kong, etc.
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The Nifty50 formed a triple bottom around 22,780 on the daily scale, indicating strong support. However, the red candle on both the daily and weekly charts signals a lack of strength in the upside recovery, according to experts.
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News and Media
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