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SRI LANKA CENTRAL BANK REJECTS ALL BIDS AT AUCTION.
COLOMBO, Oct 1 Asia Pulse - Sri Lanka's central bank rejected an entire Treasury Bill auction on Tuesday bringing back memories of dark days in June 2007 when two auctions were absorbed by the central bank, and the country was plunged into a currency crisis soon after.
The central bank was however in the market later offering bills at last week's weighted average auction yields, dealers said.
Earlier in the day 12-month bills were quoted in the market around 19.00/25 per cent.
The auction was ...
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Source: HighBeam Research, SRI LANKA CENTRAL BANK REJECTS ALL BIDS AT AUCTION.