Sri Lanka rupee opens weaker, bond yields wide
Jan 29, 2019 09:40 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT- Sri Lanka's rupee opened slightly weaker at 181.60/80 to the US dollar in the spot market on Tuesday, while bond yields were wider, market participants said.
The rupee closed at 181.55/65 to the US dollar in the spot market on Monday.
Overnight money and repo rates were around 9 percent with no injection of liquidity, dealers said.
Bond yields on Tuesday were around the same levels as Monday, with wider quotes on some maturities, dealers said.
One year bills were quoted at 10.75/90 percent at market opening on Tuesday, from 10.70/85 percent at Monday's close.
A bond maturing on 15.12.2021 was quoted at 10.95/11.05 percent, up from Monday's 10.97/11.05 percent.
A bond maturing on 15.12.2023, was quoted at 11.30/40 percent, down from the previous close of 11.32/37 percent.
A 7-year bond maturing 01.08.2026 was quoted at 11.60/68 percent, from the previous close of 11.57/65 percent.
A bond maturing on 01.09.2028 was quoted at 11.60/80 percent, compared to the previous close of 11.60/70 percent. (Colombo/Jan29/2019)