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June 11, 2012 (LBO) - Short term rates picked up as liquidity dried up in money market and the spot US dollar rose as high as 131.80/90 Monday, dealers said.
Overnight call money rates rose to around 10.00/15 percent levels from and repos were quoted around 9.10/20 percent levels.
The central bank did not have a repo auction to drain liquidity as the aggregate clearing balance fell to just 1.15 billion rupees.
The rupee weakened to 131.80/90 to the US dollar Monday from 130.40/50 levels Friday.
http://lbo.lk/fullstory.php?nid=1833383517
Overnight call money rates rose to around 10.00/15 percent levels from and repos were quoted around 9.10/20 percent levels.
The central bank did not have a repo auction to drain liquidity as the aggregate clearing balance fell to just 1.15 billion rupees.
The rupee weakened to 131.80/90 to the US dollar Monday from 130.40/50 levels Friday.
http://lbo.lk/fullstory.php?nid=1833383517
