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MAIN REASON FOR FOREIGN SELLING SHARES
Foreign banks are quoting rates of 222/230 for telegraphic transfers. Large local banks are quoting 222/226 for telegraphic transfers up to 1,000 US dollars.
Sri Lanka raised the overnight money printing rate to 6.0 percent from 5.5 percent on August 19, and has kept lower levels of excess liquidity in money markets from around August 13.
Overnight call money was quoted around 5.90/6.00 percent and gilt backed repos around 5.80/5.90 percent, dealers said. (Colombo/Sept06/2021)
Foreign banks are quoting rates of 222/230 for telegraphic transfers. Large local banks are quoting 222/226 for telegraphic transfers up to 1,000 US dollars.
Sri Lanka raised the overnight money printing rate to 6.0 percent from 5.5 percent on August 19, and has kept lower levels of excess liquidity in money markets from around August 13.
Overnight call money was quoted around 5.90/6.00 percent and gilt backed repos around 5.80/5.90 percent, dealers said. (Colombo/Sept06/2021)
