Monday August 26, 2019

Sri Lanka rupee ends weaker, bond yields steady

Jul 02, 2019 17:14 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's rupee closed weak at 176.30/40 rupees against the US dollar in the spot market on Tuesday while bond yields were steady, dealers said.

The rupee closed at 176.25/35 rupees against the greenback on Monday.

Liquidity in the overnight money market was 28.28 billion rupees, down from 38.23 billion rupees on Monday.

Central Bank drained 7.20 billion rupees in an overnight repo auction at 7.73 percent.

Central Bank mopped up 10 billion rupees in a term repo auction at 7.82 percent, while another term repo auction of 10 billion rupees at 7.85 percent was held Tuesday to be settled Wednesday.

In the secondary market, bond yields were stable in dull market trade, dealers said.

A bond maturing on 15.10.2021 closed at 9.20/28 percent, steady from 9.20/25 percent at Monday's close.

A bond maturing on 15.03.2023 closed at 9.70/78 percent, stable from 9.70/75 percent.

A bond maturing on 15.6.2024 bond closed at 9.85/90 percent, steady from 9.85/88 percent.

A bond maturing on 01.08.2026 closed at 10.10/20 percent, up from 10.05/15 percent.

A bond maturing on 15.01.2027closed at 10.17/25 percent, up from 10.15/22 percent.

A 10-year bond maturing on 01.05.2029 closed at 10.30/35 percent, down from 10.32/38 percent.



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