US$99mn outflow from government securities in first 2 months, CSE cumulative outflow US $22mn

A net outflow of the foreign investment amounting to US $ 118 million was recorded from the rupee denominated government securities market in February 2020, resulting in a cumulative net outflow of US $ 99 million during the first two months of 2020, the Central Bank said. Foreign investment in the CSE, including primary and secondary market transactions, recorded a net outflow of US dollars 6 million during February 2020. On a cumulative basis, the CSE recorded a net outflow of US $ 22 million in the first two months of 2020. Gross inflows on account of long term loans to the government amounted to US dollars 69 million resulting in a marginal net inflow of US dollars 0.4 million during February 2020, with both foreign loan disbursements and repayments remaining at similar levels. Gross official reserves stood at $ 7.9 billion at end February, equivalent to 4.7 months of imports. Total foreign assets, which consist of gross official reserves and foreign assets of the banking sector, amounted to $ 10.9 billion at end-February, equivalent to 6.5 months of imports.

The post US$99mn outflow from government securities in first 2 months, CSE cumulative outflow US $22mn appeared first on Adaderana Biz English | Sri Lanka Business News.



adaderana business
Share on Google Plus

About Unknown

Sri Lanka's most important news collector. We publish news from the trusted websites in the world.

0 comments:

Post a Comment