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Sri lanka News – Yields in Sri Lanka’s treasury bills went up in dull trade while the T-bond rates remained unquoted on Wednesday with investors waiting for some directions from the November 14 budget, dealers said on Wednesday.

Yield in three-month T-bill closed at 32.80/33.30 percent, up from the previous close of 32.30/3.30 percent.

The Central Bank’s guidance peg for interbank transactions remained unchanged at 363.50 rupees against the US dollar.

Commercial banks offered dollars for telegraphic transfers between 372.00 and 3722.10 for small transactions, data showed.

Buying rates are between 362.00 – 362.10 rupees.

Analysts say the proposed tax rates if passed by the parliament could help reduce market interest rates with the government reducing the borrowings.  (Colombo/Nov09/2022)

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