ECONOMYNEXT – Sri Lanka’s commercial banks quoted the rupee at 365.7 against telegraphic transfers on Monday (30) while the central bank interbank spot trade was at 360.7 under a daily guidance rate.
Commercial banks were quoting 355.7/365.7 for telegraphic transfer dollars on Monday, up from 354.5/364.5 on Friday.
On Monday, the central bank guidance margin was set at plus 1.00 rupees or minus 4.00 rupees.
Sri Lanka’s Prime Minister had said that for the country’s revenues to grow at least 20 percent of the gross domestic product will late 10-years.
Therefore to increase the revenues at least by 14 percent of GDP, the PM has decided to set up two parliamentary committees.
The committees will watch over revenue measures and emerging problems in the banks and finance companies.
The secondary market was dull in mid-day trade on Monday due to the ongoing 40 billion rupees bond auction.