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Sri Lanka facing foreign investment crisis

Foreign investors continued to sell rupee bonds in February 2020. 'Foreigners sold net Rs.11.4...

👤 H K Badal5 March 2020 3:41 PM GMT
Sri Lanka facing foreign investment crisis
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Foreign investors continued to sell rupee bonds in February 2020.

"Foreigners sold net Rs.11.4 billion worth of government securities bringing total foreign holdings to Rs.91.2 billion, the first time such holdings fell below Rs.100 billion since the end of conflict in 2009.

According to data from the Central Bank of Sri Lanka, Foreign investor holdings of Sri Lanka rupee bonds fell to 91.2 billion rupees in the week to February 26, from 102.66 billion rupees a week ago.

This has caused Sri Lanka to face the economic crisis.