Foreign holding of Govt. securities hit 5-month low

Tuesday, 17 September 2013 00:45 - - {{hitsCtrl.values.hits}}

Foreign holdings in Government securities hit a more than five-month low after falling in the three straight weeks ended 11 September, according to Reuters. It said the holding edged down 0.6% to Rs. 479.59 billion ($ 3.63 billion), the lowest since 3 April, according to the latest Central Bank data. Foreign holdings in Government securities have fallen 4.74% in the three weeks ended 11 September, the data showed. However, Central Bank Governor Ajith Nivard Cabraal early this month said foreign holdings in Government securities are still well above the threshold of 12.5% of the total outstanding T-bills and T-bonds.

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