The Central Bank's Spot Rates for
transactions with Commercial Banks announced on the
morning of November 27 1998 were as follows:
| |
Buying |
Selling |
| 100 US Dollars |
Rs.
6664.88 |
Rs.
6799.52 |
The approximate middle exchange rates
of following currencies calculated on the basis of cross
rates quoted by Gulf International Bank, Bahrain as it
appeared in Reuters Financial Information System on
November 27, 1998 were as follows:
| Saudi Arabia Riyal |
Rs.
17.95 |
| Bahrain Dinar |
Rs.
178.53 |
| Kuwait Dinar |
Rs.
222.11 |
| Qatar Riyal |
Rs.
18.50 |
| UAE Dirham |
Rs.
18.33 |
| Oman Riyal |
Rs.
174.87 |
Average rates at which the following
currencies were quoted by Commercial Banks in Colombo for
Telegraphic Transfers at mid-day on November 27, 1998
were as follows:
| |
Buying |
Selling |
| 100 US Dollars |
Rs.
6763.00 |
Rs.
6800.60 |
| 100 Sterling
Pounds |
Rs.
11206.75 |
Rs.
11328.51 |
| 100 Deutsche Marks |
Rs.
3955.75 |
Rs.
4015.49 |
| 100 French Francs |
Rs.
1178.77 |
Rs.
1199.25 |
| 100 Japanese Yen |
Rs.
55.93 |
Rs.
5582 |
Average Weighted Prime Lending
Rate (AWRP) and Lowest Prime Rate (LPR)
The Average Weighted Prime Lending Rate (AWPR)
during the week ended November 20th 1998 was 14.9 per
cent for all banks. The Lowest Prime Rate among banks
during this week was 13.5per cent.
Average Weighted Deposit Rate
of Commercial Banks (AWDR)
The Average Weighted Deposit Rate (AWDR) of
Commercial Banks for the month ended October 31, 1998 was
9.2 percent.
