New trading week commences on a dull note

• Rupee middle rate appreciates marginally

By Wealth Trust Securities

The new trading week commenced on a dull note as activity in the secondary bond market moderated considerably yesterday due to most market participants opting to be on side-lines. Only the 01.06.25 maturity changed hands within the range of 25.00% to 25.40%.

The total secondary market Treasury bond/bill transacted volume for 22 July 2022 was Rs. 11 billion.   

In money markets, the net liquidity deficit stood at Rs. 436.87 billion yesterday as an amount of Rs. 290.66 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 14.50% against an amount of Rs. 727.53 billion withdrawn from Central Banks SLFR (Standard Deposit Facility Rate) of 15.50%.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. 361.09 yesterday against its previous day’s closing level of Rs. 361.30.

The total USD/LKR traded volume for 22 July 2022 was $ 104.48 million.  

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