Sri Lanka rupee closes flat, bond yields ease

ECONOMYNEXT – The Sri Lanka rupee closed steady at 176.45/55 rupees against the US dollar in the spot market on Tuesday while bond yields eased, dealers said.

The currency closed at 176.45/50 rupees against the US dollar on Monday.

Liquidity in money markets grew to 36.43 billion rupees from 34.89 billion rupees with banks depositing funds through the overnight window.

The central bank mopped up 15 billion rupees through an overnight repo auction at 7.84 percent.

In the secondary bond market, gilt yields ended marginally down ahead of a bill auction on Wednesday and a bond auction on Thursday, dealers said.

A bond maturing on 15.12.2021 closed flat at 9.60/75 percent.

A bond maturing on 15.03.2023 closed at 10.20/25 percent, steady from the previous closing of 10.20/30 percent.

A bond maturing on 15.03.2024 ended at 10.30/35 percent, easing from 10.35/40 percent.

A bond maturing on 01.08.2026 closed at 10.55/58 percent, steady from 10.55/65 percent.

A bond maturing on 15.01.2027 closed at 10.55/63 percent, down from 10.60/70 percent.

A 10-year bond maturing on 01.05.2029 closed at 10.60/75 percent, down from 10.70/85 percent. (COLOMBO, 11 June, 2019)