Sri Lanka’s overnight rate tops one year gilts

Oct 05, 2011 (LBO) - Sri Lanka's average overnight risk free money market rate has topped the one year Treasuries rate, as monetary authorities continued to target both the interest rate and exchange rate, dealers said. In the repo market, where overnight loans backed by gilts, most deals were made at 7.
buy abilify online https://qpharmacorp.com/wp-content/uploads/2023/08/png/abilify.html no prescription pharmacy


online pharmacy buy bactrim with best prices today in the USA

45 percent Wednesday in early trading, dealers said.

In the call market where loans are made without collateral, rates were around 8.50 percent, dealers said.

The average overnight repo rate rose to 7.

online pharmacy buy chloroquine with best prices today in the USA

38 percent Tuesday, up from 7.21 percent a day earlier. It was the highest since 7.39 percent reached on October 26, according to official data.

The highest priced deal was done at 7.

online pharmacy buy flexeril with best prices today in the USA

45 percent.

Dealers said some banks were borrowing at higher rates since they did not have exposure limits to borrow from lenders who were liquid.

In a central bank controlled banking system, the monetary authority acts as the central counterparty to contain rates at the 'reverse repo' window rate or overnight money auctions.

online pharmacy buy symbicort with best prices today in the USA

After the end of a balance of payments crisis in 2009, Sri Lanka's overnight rates have ranged near the central bank's lower standing facility to drain excess liquidity generated from external inflows.

The reverse repo window facility through which liquidity can be given to the markets is at 8.

online pharmacy buy abilify with best prices today in the USA

50 percent. It is still 75 basis points higher than Tuesday's highest rate. The central bank can inject money at lower rates through a reverse repo auction.

The central bank is draining excess liquidity which are partly injected via direct Treasuries purchases through a daily auction at 7.

online pharmacy buy diflucan with best prices today in the USA

08 percent or its standing facility at 7.08 percent.

Excess liquidity remained flat at 19.

online pharmacy buy fluoxetine with best prices today in the USA


online pharmacy buy ivermectin with best prices today in the USA

7 billion rupees, largely unchanged from a day earlier, while the Central Bank's Treasuries stock was also stable at 70.2 billion rupees.

Tuesday's average risk free overnight rate is now higher than the 7.26 percent 12-month Treasuries rate reached at last Wednesday's auction.
buy premarin online buy premarin online no prescription

Last week auction yields were allowed to go up one basis point across maturities by the central bank, with the 3-month yield reaching 7.15 percent and the 6-month yield reaching 7.

buy ivermectin online https://qpharmacorp.com/wp-content/uploads/2023/08/png/ivermectin.html no prescription pharmacy

23 percent.

In the call market the weighted average rate rose to 8.21 percent Tuesday, up from 8.04 percent a day earlier. The highest deal was at 8.45 percent.

In the forex markets, the spot dollar traded at 110.19/20 rupees, where the rate is defended by the Central Bank.

When sustained peg defence started two months ago, analysts warned that it will become increasingly difficult to control rates as liquidity in interbank markets ran out due to dollar sales by the monetary authority.

online pharmacy buy spiriva inhaler with best prices today in the USA


buy chloroquine online https://qpharmacorp.com/wp-content/uploads/2023/08/png/chloroquine.html no prescription pharmacy

Balance of payments trouble comes from a central bank that tries to control both interest rates and the exchange rate at the same time.

The central bank however has said the problem will be temporary and more inflows of foreign exchange were expected later in the year.

Updated

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Top
0
Would love your thoughts, please comment.x
()
x