Sri Lanka rupee closes firmer, gilt yields gain

ECONOMYNEXT – The Sri Lanka rupee closed firm at 176.45/50 rupees against the US dollar in the spot market Monday while bond yields edged up, dealers said.

The currency closed Friday at 176.50/55 rupees against the US dollar.

Liquidity in overnight money markets grew to 34.9 billion rupees on Monday with higher deposits from banks.

The central bank had mopped up 15 billion rupees through an overnight repo auction at 7.86 percent.

In the secondary market, gilt yields ended marginally higher.

Dealers said there was selling pressure ahead of bill and bond auctions.

A bond maturing on 15.12.2021 closed flat at 9.60/75 percent, from Friday’s close of 9.60/70 percent.

A bond maturing on 15.03.2023 closed at 10.20/30 percent, up from the previous closing of 10.00/10 percent.

A bond maturing on 15.03.2024 ended at 10.35/40 percent, gaining from 10.22/30 percent.

A bond maturing on 01.08.2026 closed at 10.55/65 percent, up from 10.45/55 percent.

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A bond maturing on 15.01.2027 closed 10.60/70 percent, up from 10.55/65 percent.

A 10-year bond maturing on 01.05.2029 closed at 10.70/85 percent, up from 10.57/65 percent. (COLOMBO, 10 June, 2019)

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