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Sri lanka News – Sri Lanka treasury bill yields edged up in the secondary market Wednesday but bonds were hardly quoted, ahead of a budget, dealers said.

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

A guidance peg quoted by Sri Lanka central bank for interbank forex 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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