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Sri Lanka rupee at 194.60/195.10 to green back in one week forwards

ECONMYNEXT – Sri Lanka’s rupee closed around 194.60/195/10 in the one week forward market as the island sought a facility from the International Monetary Fund, dealers said, while bond yields fell.

There were indicative spot rates based on the swap market, where wider forward premiums were appearing, dealers said.

Bond markets were active in morning trade and yields ended lower.

A bond maturing on 15.12.2021 closed 7.75/95 percent.

A bond maturing on 01.05.2021 closed at 7.65/80 percent down from 7.75/85 percent on Wendesday.

A 2-year bond maturing on 01.10.2022 closed at 8.40/47 percent down from 8.50/60 percent.

A bond maturing on 01.09.2023 closed at 8.80/90 percent, down from 8.90/9.00 percent.

A bond maturing on 15.09.2024 closed at 9.02/9.06 percent down from at 9.05/9.15 percent on Wednesdat.

A bond maturing on 15.10.2027 closed at 9.30/37 down from 9.35/45 percent on Wednesday. (Colombo/ Apr16/2020)

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