Sri Lanka rupee ends firmer, gilt yields ease
Jun 19, 2019 18:02 PM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee closed stronger at 176.70/75 percent against the US dollar in the spot market on Wednesday while bond yields eased, dealers said.
The rupee closed on Tuesday at 176.80/85 against the greenback.
Sri Lanka's economy grew 3.7 percent in the first quarter of 2019, helped by recovery in agriculture, the state statistics office said on Wednesday.
In the secondary market, bond yields eased after a primary bill auction where rates eased marginally, dealers said.
A bond maturing on 15.10.2021 closed at 9.60/65 percent, down from 9.70/75 percent on Tuesday’s close.
A bond maturing on 15.12.2021 closed at 9.63/68 percent, down from 9.74/78 percent.
A bond maturing on 15.03.2023 closed at 10.00/10.03 percent, down from 10.10/17 percent.
A bond maturing on 15.03.2024 closed at 10.15/20 percent, declining from 10.25/28 percent on Tuesday
A bond maturing on 01.08.2026 closed at 10.40/43 percent, easing from 10.47/52 percent.
A bond maturing on 15.01.2027 ended 10.50/52 percent, falling from 10.56/59 percent.
A 10-year bond maturing on 01.05.2029 ended 10.60/66 percent, down from 10.62/68 percent.
(Colombo June 19, 2019)