Category: Money

Mar 28, 2012 (LBO) – Sri Lanka’s Treasury bill yields rose across maturities at Wednesday’s auction, though only a part of the 10 billion rupees of bills offered was sold through the auction, the state debt office said. The debt office, which is a unit of the Central Bank, said 3-month yields rose 25 basis […]

Mar 22, 2012 (LBO) – Sri Lanka’s rupee opened firmer against the US dollar Thursday but weakened in mid-morning trade with no sign of intervention by state banks to support the currency, dealers said. It said in a statement more inflows of dollars were expected in the weeks ahead as several commercial banks raise funds […]

Mar 21, 2012 (LBO) – Sri Lanka’s rupee was quoted at 130. 50/ 131.00 against the US dollar in mid-morning trade, weakening slightly from opening levels in the absence of state bank intervention, dealers said. “The rate dropped because there was no intervention,” said a dealer. “When there’s intervention the rate tends to pick. The […]

Mar 20, 2012 (LBO) – Sri Lanka’s rupee was quoted wide at 130. 00/131.00 against the US dollar and strengthened with some state bank selling, following a steep fall a day earlier, dealers said. The rupee was quoted at 130.00/20 in mid-morning trad.

Mar 14, 2012 (LBO) – Sri Lanka’s central bank has capped the amount of excess cash that lenders can deposit at its standing facility on days that the monetary authority holds an auction to inject money into the inter-bank markets, bankers said. The banks can earn interest from the central bank by depositing money at […]

Mar 13, 2012 (LBO) – Sri Lanka’s rupee was quoted at a new historic low of 123.45/60 against the spot US dollar in late trading Tuesday dealers said. The rupee opened around 121.80 to the US dollars. Analysts had warned that continued liquidity injections in to money markets to sterilize off-market forex interventions will result […]

Mar 12, 2012 (LBO) – Sri Lanka overnight cash rates topped 10 percent Monday for the third day running amid liquidity shortages pointing to heavy off-market forex interventions, dealers and analysts said. Sri Lanka’s foreign reserves fell to 5,957.7 US dollars in December 2011 from a peak of over 8.0 billion US dollars in July. […]

Mar 08, 2012 (LBO) – Sri Lanka’s rupee was quoted around 121.55/70 against the spot US dollar in mid-morning trade after opening around 121.30/70 rupees, dealers said. On Tuesday the rupee closed around 121.30/60 against the greenback. In money markets overnight gilt-backed repos were quoted at 8.80/90 percent levels and call money was at 9.75/85 […]

Mar 06, 2012 (LBO) – Sri Lanka’s rupee was quoted wide on opening at 121.70/122.10 against the greenback and gained slightly in late morning trade to 121.80/90 amid foreign bank selling while overnight rates were tighter, dealers said. The rupee closed around 121.95/122.05 Monday. Gilt backed repos were quoted around 8. 80/8.90 percent up about […]

Feb 28, 2012 (LBO) – Sri Lanka’s rupee was quoted as low as 122.50/123.00 against the US dollar in early trade Tuesday weakening from Monday’s close of 121. 30/50 rupees, before recovering, dealers said. The rupee recovered to 121.30/50 rupees later. The rupee was floated earlier in February after it came under pressure from strong […]

Feb 28, 2012 (LBO) – Sri Lanka’s which was quoted as low as 122. 50/123.00 against the US dollar in early trade Tuesday recovered on state bank dollar sales which pushed the rupee to 121. 00 levels, dealers said. The rupee recovered to 121.30/50 rupees later. The rupee was floated earlier in February after it […]

Feb 27, 2012 (LBO) – Sri Lanka rupee was quoted as low as 121. 05/121.25 levels against the spot US dollar in intra-day trade Monday after opening at around Friday’s close of 119. 90/120.20 dealers said. Analysts have called for rates to be allowed to move up, to keep the exchange rate steady. Update II […]