Sri Lanka rupee closes at 197.00/200.00 to greenback in spot next

ECONOMYNEXT – Sri Lanka’s rupee closed weaker around 197/200 to the US dollar in spot next market Friday while bond yields rose slightly, dealers said.

Rupee last closed around 197.00/198.00 in the spot-next market on Thursday against the greenback.

The central bank’s indicative spot rate was 196.4250 on January 22, up from 194.7980 on yesterday.

The commercial bank average US dollar selling rate for telegraphic transfers was 199.18 rupees and the buying rate 194.31.

In bond markets, gilt yields are marginally high on moderate market, dealers said.

Excess liquidity in money markets have fallen sharply over the past week three weeks, as monetary policy tightened with forex outflows. A bond auction was also announced.

A 2-year bond maturing on 15.12.2022 closed at 5.40/47per cent on Friday, up from 5.35/40 per cent at Thursday’s end.

A bond maturing on 15.01.2023 closed at 5.42/50per cent, up from 5.35/45 per cent at the last closing.

A bond maturing on 15.09.2024 closedat 6.25/30per cent, up from 6.18/24 per cent.

A bond maturing on 01.05.2025 closed at 6.40/50per cent, unchanged from 6.40/50 per cent at Thursday’s end.

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A bond maturing on 01.02.2026 closed at 6.65/75per cent, up from 6.58/68 per cent at the last closing.

A bond maturing on 15.08.2027 closed at 7.05/20per cent, steady from7.13/18 percent at the last closing.

A bond maturing on 15.06.24 closed at 6.20/30 percent, up from 6.15/20 percent.

A 10-year bond maturing on 15.05.2030 closed steady at 7.55/75per cent, from 7.60/80 per cent. (Colombo/January 22/2021)

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