Fresh trading week starts on a dull note; rupee dips

Tuesday, 18 October 2022 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary bond and bill markets commenced the fresh trading week on a dull note yesterday. Limited trades were reported on the 01.07.25 bond maturity and 23 December 2022 bill maturity at levels of 31.93% and 32.00% respectively.

The total secondary market Treasury bond/bill transacted volume for 14 October 2022 was Rs. 6.7 billion.

In money markets, the net liquidity deficit stood at Rs. 370.13 billion yesterday as an amount of Rs. 328.58 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50% against an amount Rs. 698.71 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%. The weighted average rates on overnight Call money and REPO stood at 15.50% each.

Forex Market

In the Forex market, the middle rate for USD/LKR spot contracts was at Rs. 363.38 yesterday against its previous day’s closing level of Rs. 363.14.

The total USD/LKR traded volume for 14 October was $ 89.51 million.

(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)