INSIDE SRI LANKA: LKR Flat; Fitch Cuts Rating, Outlook Negative
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Rupee trades little changed at 144.60 per dollar, fell 0.4% last month; USD/LKR’s MACD above zero and signal
Alert: HALISTER1- Sri Lanka rating cut to B+ from BB- by Fitch; cites increased refinancing risks due to high upcoming external debt maturities; outlook negative
- Mirae Asset favors Indonesian bonds over Sri Lankan
- Nation’s Feb. consumer prices rise 2.7% y/y; est. 3.2%
- Sri Lanka sells 5.31 bln rupees of 8.5% 2018 bonds
- Rupee 3-mo. forwards fell 0.29% to 146.80 per dollar yesterday, while 12-mo. contracts declined 0.31% to 152.95
- Pivot point at 144.48; FX pair’s support at 144.04, 143.45, 142.42; resistance at 145.07, 145.51, 146.54
- Yield on 8.5% govt bond due May 2019 rose 13 bps to 10.105% yesterday, according to data compiled by Bloomberg
- Global investors bought net $1.1m in local equities yesterday: exchange data
Source: BFW (Bloomberg First Word)
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UUID: 7947283