The Central Bank of Sri Lanka (CBSL) stated that Sri Lanka’s official foreign reserves rose to $6.51 billion in March, marking a 7.1% increase from February’s $6.08 billion.

The boost reflects a stronger external position, aided by the CBSL’s foreign currency purchases in the domestic market.

In March alone, the Central Bank acquired $401.9 million from the local forex market, significantly contributing to the reserve growth.