Sri Lanka rupee closes firmer, bond yields steady
ECONOMYNEXT – Sri Lanka’s rupee closed firmer at 176.90/177.00 against the US dollar on Thursday while bonds yields remained steady, dealers said.
The rupee closed at 177.40/50 against the greenback on Wednesday.
Liquidity in the overnight money market was 21.22 billion rupees, down from 30.76 billion rupees previous day.
Central bank injectedup 20 billion rupees in an overnight reverse repo auction at 7.82 percent.
In the bond market, yields were stable with dull activity, dealers said.
A bond maturing on 15.10.2021 closed at 8.61/67 percent on Thursday, down from 8.73/78 percent at Wednesday’s close.
A bond maturing on 15.03.2023 closed at 9.35/40 percent, steady from 9.35/42 percent.
A bond maturing on 15.06.2024 closed at 9.75/78 percent, easing from 9.77/80 percent.
A bond maturing on 01.08.2026 closed at 9.90/95 percent, gaining from 9.88/95 percent.
A bond maturing on 15.01.2027 closed at 9.97/10.02 percent, stable from 9.97/10.00 percent.
A bond maturing on 01.05.2029 closed unchanged from 10.00/10.08 percent.
(COLOMBO, 08 August, 2019)