Sri Lanka, May 15 -- Economists warn that if the Sri Lankan rupee continues to depreciate, fuel prices, electricity and water tariffs, as well as the prices of goods and services, could increase in the future.

Commenting on the situation, economic analyst Dhananath Fernando stated that the Central Bank's (CBSL) purchase of dollars in the market and the excess liquidity of rupees in the financial system have increased the demand for US dollars, contributing to the weakening of the Sri Lankan Rupee.

He further explained that global geopolitical tensions have reduced foreign exchange inflows from the tourism industry compared to previous years, while challenges faced by the export sector have also led to a decline in dollar inflows into th...