$ 543 m outflow from securities market Jan.-Nov.

Saturday, 16 January 2021 00:59 - - {{hitsCtrl.values.hits}}

CSE records net outflow of $ 209 m during first 11 months of 2020

The Central Bank yesterday said $ 543 million outflow of foreign investment was observed from the rupee-denominated government securities market in the period up to November.

Foreign investment in the government securities market recorded a marginal net outflow during the month, the monetary institution said in its latest external performance report.

A net outflow of foreign investment amounting to $ 11 million was recorded in the rupee-denominated government securities market in November 2020, increasing the cumulative net outflow to $ 543 million during the period from January to November 2020.

The total outstanding exposure of foreign investment in the rupee-denominated government securities market remained low at $ 46 million by end November 2020.

There were net outflows of $ 15 million from the secondary market of the CSE in November 2020. On a cumulative basis, the CSE recorded a net outflow of $ 209 million during the 11 months ending November 2020.

Meanwhile, long-term loans to the Government recorded a net outflow of $ 12 million in November 2020.

SL trade deficit shrinks $ 1.8 b: CB

Remittances rise 18.7% in Nov.

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