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Thursday October 6th, 2022
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Notable
Fear of a DDR/IFR event drive rates even higher
Indian billion dollar credit line also works Undiyal fashion
It is through open market operations that money is printed to mis-target interest rates
The absolute discretion to print money through flexible inflation targeting cum output gap targeting has to be blocked
Forcing food importers to use LCs can create food shortages.
A flexible exchange rate fails because it is not rule bound
Monetary fiscal co-ordination comes from an International Monetary Fund
Sterilized currency defence, without an accompanying rise in rates, spells disaster
At the current policy rates and sterilization of interventions, forex problems will not get better
The proposal to import cars with dollar earnings and pay taxes in dollars is absolutely correct
A Bellwether FAQ on the dangerous lack of note-issue banking know-how
In all years with inflationary policy, debt after foreign reserves went up
Debt re-structuring to reduce gross financing needs will help
Diocletian minted in copper in plenty what was scarce in silver, Sri Lanka is pumping liquidity in paper
Mercantilist fallacies have devasted countries at peace
| Latest | Last | |
|---|---|---|
| US Dollar | 369.9103 | 369.9103 |
| UK Pound | 419.5837 | 413.4458 |
| Euro | 365.2629 | 364.8862 |
| Aus Dollar | 242.4453 | 240.1335 |
| Yen | 2.5656 | 2.5668 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 4.4489 | 4.4516 |
| Korea Won | 0.2529 | 0.2518 |
| Oman Rial | 942.5852 | 942.5852 |
| Saudi Riyal | 96.5416 | 96.5545 |
| UAE Dirham | 98.7994 | 98.7994 |
| pts | % | |
|---|---|---|
| S&P SL20 | 2,875.21 | -5.70% |
| CSE All Share | 9,237.05 | -4.28% |
| Turnover Rs million | 4,541,034,136 | 3,017,534,901 |
| Latest | Last | |
|---|---|---|
| 3-m bill | 29.75 | 29.35 |
| 6-m bill | 28.66 | 28.29 |
| 12-m bill | 28.54 | 28.44 |
| 5-yr bond | 25.22 | 25.26 |
| 8-yr bond | 25.82 | 25.87 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 15.50 | 15.50 |
| Gilt Repo | 15.50 | 15.50 |
| I-m SLIBOR | - | - |
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