Saturday Nov 30, 2024
Saturday Nov 30, 2024
Tuesday, 16 May 2023 00:08 - - {{hitsCtrl.values.hits}}
By Wealth Trust Securities
The USD/LKR rate on spot contracts continued its appreciating trend at the start of a new week yesterday. The spot rate closed the day at Rs. 311.70/312.20 against its previous day’s closing levels of Rs. 312.90/313.30 on the back of continued selling interest of the dollar.
Meanwhile, activity in the secondary bond market was at a standstill yesterday as most market participants continued to be on the sidelines.
In money markets, the net liquidity stood at a deficit of Rs. 42.38 billion yesterday as an amount of Rs. 55.80 billion was deposited at Central Banks SDFR (Standard Deposit Facility Rate) of 15.50% against an amount of Rs. 98.17 billion being withdrawn from Central Banks SLFR (Standard Lending Facility Rate) of 16.50%. The weighted average rates on overnight call money and REPO stood at 16.47% and 16.50% respectively.
The total secondary market Treasury bond/bill transacted volume for 12 May 2023 was Rs. 27.55 billion.
The total USD/LKR traded volume for 12 May was $ 52.95 million.
(References: Central Bank of Sri Lanka, Bloomberg E-Bond trading platform, Money broking companies)
