Foreign holding of T. Bonds increases

The foreign holding in rupee bonds recorded an increase of Rs. 16.38 billion for the week ending 15 March, according to Wealth Trust Securities.

In the week ending 9 March foreign holding in rupee bonds increased by Rs. 7 billion.In the forex market, the USD/LKR rate on spot contacts was seen depreciating during the week to close the week at Rs. 337.00/345.00 against its previous week’s closing levels of Rs. 320.00/323.00 subsequent to trading within a weekly high of Rs. 323.00 to a low of Rs. 340.00.

The daily USD/LKR average traded volume for the first four days of the week stood at $ 47.73 million.