Sri Lanka rupee closes weaker, bond yields fall on buying interest
Apr 05, 2019 17:02 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee closed weaker at 174.80/00 to the US dollar in the spot market Friday, while stocks fell and bond yields were stable, dealers said.
The rupee closed at 174.70/85 to the US dollar in the spot market on Thursday.
In the overnight market, banks were seen taking money out through the window as consumers withdraw deposits and demand credit ahead of the holiday season.
An overnight liquidity short increased to 14.36 billion rupees from 2.84 billion rupees despite injections from the Central Bank.
The government bonds market was active with rates falling amidst local and foreign buying, dealers said.
Twelve month bills closed at 10.00/15 percent on Friday, unchanged from Thursday's close.
A newly issued bond maturing on 15.03.2022 closed at 10.45/50 percent, down from 10.52/57 percent.
A bond maturing on 15.07.2023 closed at 10.67/73 percent, down from 10.70/78 percent.
A 5-year bond maturing on 15.03.2024 closed at 10.75/80 percent, falling from 10.82/87 percent.
A bond maturing on 01.08.2026 closed at 11.90/98 percent on Thursday, down from 10.92/00 percent at Friday's close.
New bond maturing on 15.01.2027 closed at 10.97/02 percent, falling from 11.02/07 percent.
A bond maturing on 01.09.2028 closed at 11.10/20 percent, stable from 11.10/25 percent.
A bond maturing on 01.05.2029 closed at 11.15/20 percent, down from 11.20/25 percent. (Colombo/Apr05/2019-SB)