ECONOMYNEXT – Sri Lanka rupee closed around 199/208 levels to the one-month dollar in a forex market on Wednesday while bond yields remained flat, dealers said.
On Tuesday rupee closed at 199.90 levels as the rupee was nominally bid from spot-up to around 6-months forward.
Banks were offering dollars telegraphic transfers at 197.8180 buying rate and 201.9480 selling. In the secondary market, bond yields remained unchanged in dull market trade, dealers said.
Dealers said the market was on a standstill ahead of Wednesday’s 20 billion rupees bond auction.
At a weekly bills auction held today, 47 billion rupee bills were offered but only 21 billion rupees or 45% of the offered amount was accepted.
Bonds maturing on 15.12.2022 closed at 7.63/70 per cent on Wednesday, up from 7.60/65 per cent on Tuesday.
Bonds maturing on 15.11.2023 closed at 6.28/33 per cent on Wednesday, up from 6.25/30 per cent on Tuesday’s close.
Bonds maturing on 15.12.2024 closed at 6.60/68 per cent Wednesday, steady 6.60/70 per cent on Tuesday’s close.
A bond maturing on 01.05.2025 closed at 6.98/03 per cent on Wednesday, down 7.00/10 per cent on Tuesday.
A bond maturing on 01.02.2026 closed at 7.30/40 per cent on Wednesday, down 7.35/40 per cent on Tuesday.
A bond maturing on 15.10.2027 closed at 7.65/85 per cent on Wednesday, steady 7.65/95 per cent.
A bond maturing on 01.09.2028 closed at 7.85/8.00 per cent on Tuesday. (Colombo/May12/2021)