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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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    Foreign investors buy into Sri Lanka bonds

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    Foreign investors buy into Sri Lanka bonds Empty Foreign investors buy into Sri Lanka bonds

    Post by Backstage Mon Apr 18, 2016 11:58 am

    Foreign investors buy into Sri Lanka bonds
    Apr 18, 2016

    ECONOMYNEXT - Foreign investors had bought 5.6 billion rupees worth Sri Lanka rupee bonds over the week ending April 12, reversing a trend of heavy sell-downs seen in 2016, official data showed.

    Foreign investor holdings in rupee bonds rose to 228.9 billion rupees in the week to April 12, up from 223.2 billion rupees a week earlier, central bank data showed.

    Since a low of 220 billion rupees hit on March 23, foreign investors have been net buyers in the market.

    Foreign investor started to flee Sri Lanka after a rate cut in April 2015 generated monetary instability in Sri Lanka amid emerging market jitters.

    Renewed selling was seen in early 2016.

    Sri Lanka is expected to announce a preliminary deal with the IMF in the coming days.

    The deal is expected to have foreign reserve targets and budget targets.

    EN's economist analyst Bellwether says if there is Net International Reserve Target (NIR) without progressively falling ceilings on Net Domestic Assets (NDA) of the central bank, Sri Lanka's rupee could depreciate further. (Colombo/Apr18/2016)

      Current date/time is Fri Nov 15, 2024 10:08 pm