ECONOMYNEXT - Foreign investors have sold 17 billion rupees of bonds with total holdings of bonds dropping to 180.9 billion rupees from 197.9 billion rupees in the week to December 05, in perhaps the heaviest week of foreign selling in markets, central bank data shows.
Foreign investors held 324 billion rupees of bonds in April and had been steadily selling them down.
Since October 23, shortly before a political crisis emerged, foreigners have dumped 64 billion rupees of bonds.
Sri Lanka's bond yields have eased after the statutory reserve ratio was cut in mid November, dumping tens of billions of rupees in to the banking system making it more profitable for foreigners to exit.
More:
https://economynext.com/Foreign_investors_sell_Rs17bn_in_Sri_Lanka_bonds_in_week-3-12855-3.html
Foreign investors held 324 billion rupees of bonds in April and had been steadily selling them down.
Since October 23, shortly before a political crisis emerged, foreigners have dumped 64 billion rupees of bonds.
Sri Lanka's bond yields have eased after the statutory reserve ratio was cut in mid November, dumping tens of billions of rupees in to the banking system making it more profitable for foreigners to exit.
More:
https://economynext.com/Foreign_investors_sell_Rs17bn_in_Sri_Lanka_bonds_in_week-3-12855-3.html
