Tuesday, 16 December 2014 00:54
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By Wealth Trust Securities
The Standing Lending Facility (SLF) of Central Bank at 8.00% was accessed for the first time in five months yesterday for an amount of Rs. 2.73 billion as overall liquidity dipped to a net of 4.32 billion. In line with this overnight call money and repo rates were seen increasing marginally to average 5.98% and 5.66% respectively as all commercial banks were seen squaring off their positions yesterday. No auctions were conducted under Open Market Operations (OMO) as well.
Meanwhile in secondary bond markets, yields dipped marginally yesterday mainly on the liquid maturities of 01.04.2018, 01.07.2019 and 01.07.2022 to daily lows of 6.98%, 7.08% and 7.87% respectively in comparison to its previous week’s closing levels of 7.00/05, 7.15/19 and 8.09/12. In addition, the maturities of 01.05.2021 and 01.01.204 were also quoted lower within the range of 7.55% to 7.70% and 8.00% to 8.10% respectively. In secondary bill markets, May 2015 bills were quoted at levels of 5.76/78.
Rupee remains steady
In dollar rupee markets, the USD/LKR rate remained mostly unchanged to close the day at Rs.131.98/00 as markets were at equilibrium. The total USD/LKR traded volume for the 12th of December 2014 was at US $ 28.55 million.
Some of the forward dollar rates that prevailed in the market were 1 Month - 132.55; 3 Months - 133.50 and 6 Months - 134.90.
