With interest rates tumbling, interest rates for Treasury bills this week fell to 17.79 per cent for 3-month bills on Wednesday from 23 per cent at the previous auction by the Central Bank.
Rates for the 6-month bills fell to 15.93 per cent from 19.49 percent earlier and one-year bills fell to 13.86 per cent from16.99 per cent earlier. A total of Rs.140 billion worth of T-bills were issued in all three categories.
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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