Net foreign inflow to Govt. Securities soars

Monday, 21 October 2024 03:19 - - {{hitsCtrl.values.hits}}

Foreigners have purchased an additional Rs. 12 billion worth of Government Securities since 20 September, according to charts.lk

It said foreign investments into LKR-denominated Government Securities have risen since 20 September. It fell to Rs. 39 billion by 13 September and reached Rs. 51 billion by the end of last week.

“This is a net FX inflow of $ 42 million,” it added.

WealthTrust Securities said for the week ending 17 October 2024, foreign holdings in Sri Lankan rupee-denominated Treasury securities saw a net inflow of Rs. 495 million. “This marked the fifth consecutive week of positive inflows. As a result, total foreign holdings reached Rs. 51.14 billion – a 0.98% increase compared to the previous week,” it added.