The Central Bank of Sri Lanka (CBSL) decided to reject the bids received for the Rs. 20,000 Treasury Bill auctions held today (09 March).
Market sources had earlier stated that under a situation where the interest rate of the 364 day Treasury Bills held last week had gone up to 09 per cent, the interest rates would further rise at today’s auctions.
However, today’s auction had received bids to the value of Rs. 33,648 million.