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Wednesday July 6th, 2022

Sri Lanka rupee at 368-370 to TT dollar

ECONOMYNEXT – Sri Lanka’s commercial banks were offering US dollars for telegraphic transfer at around 368 to 370 dollars for small transactions as the country is facing severe forex shortages from a broken peg.

Banks offered to buy inward remittances at 357.90 rupees.

A ‘guidance’ rate for interbank transactions announced by the central bank was also was unchanged at 360.90 on Thursday.

On Wednesday the guidance rate was strengthened 95 cents despite severe forex shortages for imports.

In the secondary bond market, only a few maturities were quoted, dealers said.

A bond maturing on 01.06.2025 was quoted at 21.00/15 per cent, down from 21.05/21.35 on Wednesday.

A bond maturing on 01.05.2027 closed at 20.30/21.15 percent up from 20.40/80 percent.

Dealers said no Treasury bills were quoted on Thursday a day after an auction failed. (Colombo/June 23/2022)

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