Net foreign inflows into Govt. securities continue

Monday, 20 January 2020 04:08 - - {{hitsCtrl.values.hits}}

Foreign investment in rupee denominated government securities recorded a net inflow for the second consecutive month in November though year to date there continues to be an outflow.

Central Bank said net inflow in November was $ 46 million whilst in October it was $ 12 million.

On a cumulative basis, the net outflow of $ 234 million during the first 11 months of the year. In September the outflow was $ 7 million.

Long term loans to the Government too recorded a net inflow in November after October saw a similar trend.

The net inflow in November was $ 30 million though lower compared to $ 102 million in October.

In September the outflow was $ 137 million.

Foreign investment in the CSE, including primary and secondary market transactions, recorded a net outflow of $ 36 million in November whilst on a cumulative basis, the outflow was $ 30 million during the first eleven months of 2019.

Central Bank said Sri Lanka received the seventh tranche of the IMF EFF of $ 164 million in November 2019. With the receipt of this latest tranche, the total receipts under the IMF EFF amount to $ 1.31 billion.

Gross official reserves stood at $ 7.5 billion at end November 2019, equivalent to 4.5 months of imports. Meanwhile, total foreign assets consisting of gross official reserves and foreign assets of the banking sector amounted to $ 10.2 billion at end November 2019, equivalent to 6.2 months of imports.