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Sri Lanka rupee guidance rate up 40 cents despite dollar shortage


ECONOMYNEXT – Sri Lanka’s ‘guidance’ rate for interbank transactions announced by the central bank rose to 359.90 on Tuesday, edging up 40 cents from the previous day’s 360.30.

Sri Lanka’s commercial banks offered US dollars for telegraphic transfer at around 368 to 370 dollars for small transactions, unchanged from Monday, amid the island nation is facing severe forex shortages from a broken peg.

Banks offered to buy inward remittances at 359.50 rupees, steady from Monday.

In the secondary bond market, market was dull ahead of the bond auction, dealers said.

A bond maturing on 01.06.2025 was quoted at 21.00/15 per cent, unchanged from Monday close.

Dealers said no Treasury bills were quoted. (Colombo/June 28/2022)



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