FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Today at 12:44 am

» Top Foreign Trading today
by D.G.Dayaratne Yesterday at 11:29 pm

» Maharaja after long time
by Maharaja Yesterday at 10:20 pm

» Try to Avoid Getting Sucked into Any Panic Modes While Looking for Opportunities. Stock market for beginners
by Asoka Samarakone Yesterday at 9:39 pm

» Evergrande agrees deal to avoid default on key bond: Company
by RajapaksaDON Yesterday at 8:15 pm

» Top crossings today
by SAGA Yesterday at 7:27 pm

» LOFC AND CLC Target Price??
by Rational Investor Yesterday at 6:35 pm

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by Equity Win Yesterday at 10:47 am

» CABO -- “ The Investment Company ” under Land & Building Sector
by samaritan Yesterday at 10:45 am

» LOFC lofc
by stockchaser Yesterday at 9:52 am

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Yesterday at 12:14 am

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Yesterday at 12:11 am

» BROWNS INVESTMENTS PLC (BIL.N0000)
by stockchaser Tue Sep 21, 2021 3:49 pm

» GUYS LOOK IN TO JKH / JKL NOW
by Wickyz Tue Sep 21, 2021 10:54 am

» The stock market can be a great place to make money; it can also be a great place to lose money. Stock market for beginners
by reyaz Tue Sep 21, 2021 7:37 am

» LOFC LOFC LOFC
by stockchaser Mon Sep 20, 2021 7:49 pm

» PEOPLE'S INSURANCE PLC (PINS.N0000)
by LHW Sun Sep 19, 2021 10:14 pm

» KOTAGALA PLANTATION
by reyaz Sun Sep 19, 2021 3:33 pm

» What is "Introductions" in Upcoming listing in CSE?
by Nandun Sat Sep 18, 2021 1:46 pm

» Glove stocks fall after Top Glove posts weaker 4Q results
by ResearchMan Sat Sep 18, 2021 1:37 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Rupee strengthens against dollar, benchmark interest rates flat

Rupee strengthens against dollar, benchmark interest rates flat

Go down  Message [Page 1 of 1]

1Rupee strengthens against dollar, benchmark interest rates flat Empty Sri Lanka Treasuries yields flat Wed Sep 12, 2012 4:50 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Sept 12, 2012 (LBO) - Sri Lanka's Treasury bill yields were flat across maturities at Wednesday's auction, with only 7.3 billion rupees of bills being sold out of 9.0 billion rupees offered, data from the state debt office showed.

The 3-month yield was flat at 11.44 percent, the 6-month yield was 13.12 percent and the 12-month yield was at 13.36 percent.

The debt office said 2.3 billion rupees of 3-month bills, 2.3 billion rupees of 6-month bills and 2.6 billion rupees of 12-month bills were sold.

Treasury bill yields are usually rock steady when interest rates are manipulated by the monetary authority.

In 2011 rates were manipulated by 'quantity easing' along the yield curve involving large volumes of rupee injections in to the banking system, triggering a balance of payments crisis, which required very high interest rates to fix.

However on Wednesday secondary market yields also eased, dealers said. Earlier data has shown that bank credit growth is also easing.
http://lbo.lk/fullstory.php?nid=930687942

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
The rupee gained some ground against the greenback on Wednesday (12) on heavy selling of dollars by some banks and muted import demand.

"The rupee appreciated to a high of Rs. 131.80 against the US dollar from its opening level of Rs. 132.25-30 in the absence of importer demand and heavy selling by banks and closed firmer at Rs. 131.95-132.00 .The highest trade for the day was at Rs. 132.20 and lowest was at Rs. 131.80," the Sri Lanka Forex Association said.

Meanwhile, benchmark Treasury bill yields were flat across maturities at Wednesday’s auction, with only Rs. 7.3 billion of bills being sold out of Rs. 9. billion offered, data from the state debt office showed.

The 3-month yield was flat at 11.44 percent, the 6-month yield was 13.12 percent and the 12-month yield was at 13.36 percent.

The debt office said Rs. 2.3 billion of 3-month bills, Rs. 2.3 billion of 6-month bills and Rs. 2.6 billion of 12-month bills were sold.

"Treasury bill yields are usually rock steady when interest rates are manipulated by the monetary authority," an analysis by LBO pointed out.

"In 2011 rates were manipulated by ‘quantity easing’ along the yield curve involving large volumes of rupee injections in to the banking system, triggering a balance of payments crisis, which required very high interest rates to fix.

"However on Wednesday secondary market yields also eased, dealers said. Earlier data has shown that bank credit growth is also easing."
http://island.lk/index.php?page_cat=article-details&page=article-details&code_title=61368

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum