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Sri Lank rupee ends firmer, gilt yields steady

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 180.80/181.00 to the US dollar on Wednesday gaining a rupee, while gilt yields remained steady, dealers said.

In the spot market, the rupee closed at 181.65/95 to the greenback on Tuesday.

Liquidity in the overnight money market was 39.07 billion rupees, up from 35.39 billion rupees at Tuesday’s close.

Central bank mopped up 7.95 billion rupees at 7.51 percent in an overnight repo auction.

In the secondary market, gilt yields were steady in an active market, dealers said.

Dealers said gilt yields gained before the weekly bills auction to ease afterwards.

A bond maturing on 15.12.2021 closed at 8.65/80 percent on Wednesday, stable from 8.65/75 percent at Tuesday.

A bond maturing on 15.07.2023 closed at 9.25/35 percent, remaining stable from 9.25/40 percent.

A bond maturing on 15.09.2024 closed at 9.63/65 percent, easing from 9.70/75 percent.

A bond maturing on 15.10.2027 closed at 9.85/95 percent, falling from 10.00/10.10 percent on Tuesday.

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A bond maturing on 15.09.2034 closed at 10.25/40 percent, down from 10.30/60 at the previous close.
(Colombo/Nov27/2019)

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