Category: Money

Jan 09, 2013 (LBO) – Sri Lanka’s rupee gained about against the US dollar in mid morning trade Wednesday to 126.25/55 levels in the spot market on expectations of foreign purchases of rupee bonds, dealers said. Sri Lanka’s rupee has strengthened from lows of 134 to the US dollar in mid 2012 following a float […]

Jan 08, 2013 (LBO) – Sri Lanka government bond yields has picked up after falling steeply over two days ahead of a large bond auction, dealers said.A bond maturing on 15 July 2017 opened around 10.70/80 percent Monday and closed at around 11.00/11.10 percent, dealer said. A bond maturing on 15 August 2018 also opened […]

Jan 03, 2013 (LBO) – Sri Lanka will issue coins with a face of 10 rupees to depict each district in the country in 2013, the Central Bank has said in a road map for monetary policy. Sri Lanka has 25 administrative districts. Central Bank Governor Nivard Cabraal also said Wednesday a program will be […]

Dec 21, 2012 (LBO) – Sri Lanka’s rupee rose sharply against the US dollar in early trade Friday to 125. 60/125.80 up from Thursday’s closing of 127. 60/70 rupees amid thin year end trading dealers said. After that the rupee fell rapidly to much as 134 to the US dollar as the Central Bank sterilized […]

Dec 17, 2012 (LBO) – Sri Lanka’s credit to private businesses rose 29.5 billion rupees to 2,324.4 billion rupees in October 2012 from a month earlier as loans to state enterprises fell by 17. 3 billion rupees to 254.6 billion rupees, official data shows. Dollar credit to private business, which fell from the equivalent of […]

Dec 06, 2012 (LBO) – Sri Lanka has rejected all bids for 3-month Treasury bills at an auction on Wednesday while 6 and 12 month bill yields rose by one basis point, data released by the state debt office showed. The Central Bank also owns 217 billion rupee portfolio of stocks and rolling them over […]

Nov 30, 2012 (LBO) – Sri Lanka’s Seylan Bank will to sell up to 2. 0 billion rupees of public listed debentures maturing in five years, abandoning an earlier plan to privately place the securities. Seylan Bank said in a stock exchange filing that it will offer to sell one billion rupees of debentures and […]

Nov 21, 2012 (LBO) – Sri Lanka’s listed debt holders will get better facilities to trade and exit their investments with a new trading system officials said with the possibility of restrictive margin requirement which had all but killed transactions, being relaxed. Though they deal billions of rupees worth of stocks without margin, the requirement […]

Oct 01, 2012 (LBO) – Sri Lanka’s rupee strengthened to a near four month high Monday with money markets continuing to be tight with the rupee quoted as low as 128.90/129.00 to the US dollar in the spot market, dealers said. Market participants said cash deals were seen at 128. 80 to the US dollar. […]

Sept 27, 2012 (LBO) – Sri Lanka’s rupee strengthened above 130 to the US dollar in the spot market Thursday with banks being short of cash for six straight days while longer term market interest rates continued to ease. A sterilized purchase of foreign exchange (where domestic money is withdrawn by the central bank) results […]

Aug 21, 2012 (LBO) – Excess liquidity in Sri Lanka’s money markets which came from a unsterilized purchase of foreign exchange from a sovereign bond has largely dried up, tightening the monetary system. On Aug 21, excess liquidity in the banking system fell to 1. 9 billion rupees from 12.9 billion rupees on Aug 14, […]

July 31, 2012 (LBO) – Sri Lanka’s treasury yields edged-up for six-months notes by two basis points at Tuesday’s auction, while three-month and one-year yields remained flat, central bank figures showed. Three-month notes were steady at 11.35 percent, the 6-month yields rose two-basis points to 12.87 percent and the 12-month yield was flat at 13.15 […]