Sri Lanka rupee closes firmer, bond yields ease
Tuesday May 7, 2019 17:12
ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 176.85/00 in the spot market against the US dollar on Tuesday, while bond yields edged down, dealers said.
The rupee had closed at 177.50/70 to the US dollar in the spot market on Monday.
Dealers said that there were forward selling of dollars, which had strengthened the spot rupee.
Bond yields fell marginally in active trading due to higher liquidity in the money market, dealers said.
A bond maturing on 01.08.2021 closed at 9.95/02 percent on Tuesday, falling from 10.00/02 percent at Wednesday’s close.
A bond maturing on 15.03.2022 closed at 10.12/18 percent, up from 10.10/13 percent.
A bond maturing on 15.03.2024 closed at 10.62/66 percent, easing from 10.63/67 percent.
A bond maturing on 01.08.2026 closed at 10.80/86 percent, down from 10.83/87 percent.
A bond maturing on 01.09.2028 closed at 10.97/02 percent, up marginally from 10.95/02 percent. (Colombo/May07/2019)