ECONOMYNEXT – Sri Lanka has rejected all bids at an auction Wednesday amid tight liquidity from a reversal of a swap with the central bank, after the rupee fell on earlier excess liquidity.
The central bank offered 2.0 billion rupees of 3-month bills, 4.0 billion rupees of 12 month bills for which there were bids of 3.09 billion rupees and 10.82 billion rupees.
Last week 3-month bills were were sold at 8.56 percent, 6-month bills were sold at 8.6 percent and 12-month bills were sold at 9.51 percent. (Colombo/Oct03/2018)