Sri Lanka forex markets quiet

Apr 27, 2012 (LBO) – Sri Lanka’s rupee was tentatively quoted around 130.80/131.50 against the US dollar as markets opened Friday but with little firm quotes due to moral suasion from the monetary authority, dealers said.
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On Thursday the rupee closed around 131.50 to the US dollar with almost no trading earlier in the day.

In money markets gilt backed repo deals were quoted around 8.25/8.90 percent far below the reverse repo rate of 9.75 percent and call money was at 9.75/10.00 percent, dealer said.

Market excess liquidity was 10.6 billion on Thursday.


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