ECONOMYNEXT - Sri Lanka has rejected all bids at Wednesday's Treasuries auction after offering 24 billion rupees of bills for sale.
Around 30 billion rupees of bills were maturing this week.
If the bills are repaid with printed money, excess liquidity in money markets will go up and pressure the currency, analysts say.
The rupee weakened to 138.80/90 to the US dollar in spot market Wednesday from yesterday's 138.50 levels.
Around 30 billion rupees of bills were maturing this week.
If the bills are repaid with printed money, excess liquidity in money markets will go up and pressure the currency, analysts say.
The rupee weakened to 138.80/90 to the US dollar in spot market Wednesday from yesterday's 138.50 levels.
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