Sri Lanka rupee closed firmer, gilt yields stable

ECONOMYNEXT – Sri Lanka’s rupee ended stronger at 176.20/30 to the US dollar in the spot market on Monday while gilt yields were steady, dealers said.

 
The rupee closed at 176.30/45 to the greenback on Friday.
 
The central bank let the overnight liquidity build up to 43.2 billion rupees on Monday, despite mopping up 28.4 billion rupees at 8.59 percent through a term repo.
 
There was 20.6 billion rupees in term repo maturities, and 14.8 billion rupees in liquidity through the banking window.
 
In the bond market, yields were stable in dull trading, dealers said.
 
Investors were waiting for the monetary policy announcement on Friday, dealers said.
 
Central Bank Governor Indrajit Coomaraswamy has over the past two weeks hinted at a possible rate cut on Friday.
 
A bond maturing on 15.12.2021 closed at 9.40/50 percent on Monday, steady from 9.40/55 percent at Friday’s close.
 
A bond maturing on 15.03.2023 closed at 9.85/90 percent, stable from Friday’s 9.85/95 percent.
 
A bond maturing on 15.03.2024 closed at 9.95/10.02 percent, down from 10.02/10.08 percent.
 
A bond maturing on 01.08.2026 closed at 10.25/32 percent, stable from 10.25/35 percent.
 
A bond maturing on 15.01.2027 closed at flat at 10.33/40 percent.
 
A 10-year bond maturing on 01.05.2029 closed at 10.55/60 percent, stable from 10.55/65 percent at the previous close. (COLOMBO, 27 May 2019)