Most of the bids came for 3-monts and only 200 million rupees of 12-month bills were sold.
It was not clear why the overnight rate was raised 50 basis points before the 12-month rate was raised by 55 basis points to 5.93 percent, but the outcome was widely expected.
16 billion rupees of 3.monthe bills were offered 33.3 billion rupees sold at 5.87 percent up 54 basis points.
20 billion rupees of 6-month bills were offered and 3.8 billion sold at 5.90 percent, up 66 percent.
20.5 billion rupees of rupees of 12-month bills were sold at 5.93 percent, up from 61 basis points from a week earlier.
It is not clear how much of the maturing bills are already owned by the central bank. If less than 37 billion rupee was owned by the central new money will be injected, leading for further forex shortages and potential reserve losses or falls in the currency peg. (Colombo/Aug25/2021)[/size]
Your email address will not be published. Required fields are marked *