Sri Lanka govt security rates fall; guidance peg strengthen  | Sinhala News

Sri lanka News – Sri Lanka’s bond and the Treasury bill rates came down in active trade on Thursday while a guidance peg on interbank spot trading strengthened slightly, dealers said, as hopes of political stability after the island nation’s parliament elected new president.

Ranil Wickremesinghe was elected as the new president by the parliament and was sworn in on Thursday.

“With Yesterday T-bill auction ending positively, the market was a bit active,” dealers said.

The three months’ bill closed at 27.25/ 28.00 percent Thursday down from 29.00/30 percent on Wednesday.

The One year bill closed at 28.00/29.00 percent steady from the previous day’s 28.75/29.00 percent.

The bond maturing on 01.06.25 closed at 24.75/25.00 percent down from 25.00/75 percent at last closing.

The bond maturing on 15.07.29 closed at 24.30/25.00 percent down from 25.30/26.25 percent in the previous close.

A guidance peg announced by Sri Lanka’s central bank for interbank transactions strengthened by 20 cents to 361.67 against the US dollar on July 21 from the previous 361.87, data showed on Thursday.

Commercial banks offered dollars for telegraphic transfers at rates between 368.67 and 370.00 for small transactions on July 21, steady from July 20, data showed.

Banks offered to buy inward remittances at 358.67 -359.50 rupees, also steady from the previous day. (Colombo/July 21/2022)

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