Written by Staff Writer
18 Jun, 2020 | 8:13 pm
COLOMBO (News1st): The yields in government securities fell to a five year low after the Central Bank announced a massive liquidity injection by reducing SRR to 2% from 4% which has resulted in additional liquidity of 115 billion rupees in to the market.
The three-year bond rates were at 7.75 percent, its lowest since June 2015 and the 6 year bond were at 8.59 percent.
The benchmark 91-day treasury bill fell by 0.30 percent to 6.30 percent to its lowest since December 2015, 182 Days by 0.48 percent to 6.30 percent its lowest since December 2015, and 364 days by 0.30 percent to 6.62 percent its lowest since August 2015 at the primary auction held on Wednesday.
Liquidity in the overnight money market was 212.42 billion rupees on Thursday, marginally falling from previous day’s 221.78 billion rupees shoot up after SRR rate cut.
The rupee currency closed weaker at 186.60/75 to the US dollar on Thursday compared to Wednesday close of 186.45/65.
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