Sri Lanka rupee closes steady at 194.50/195.50 levels in the spot next market
ECONOMYNEXT – Sri Lanka’s rupee closed steady at 194.50/195.50 levels to the US dollar in the spot next market on Thursday while bond yields remained unchanged, dealers said.
The rupee last closed in the spot market at 194.50/195.00 to the dollar on Wednesday.
“The secondary bond market yield curve remained broadly unchanged while overall market witnessed thin volumes. With mixed activities in the short to belly end of the yield curve,” FirstCapital Market Research said.
In the secondary market bond yields unchanged in dull market trade, dealers said.
On Wednesday Sri Lanka’s debt office offered 125 billion rupees in a bond auction to be held tomorrow.
The bond auction was undersubscribed for the second week, only 73 per cent or 90.9 billion rupees.
A bond maturing on 15.12.2022 closed at flat 5.75/85 per cent on Thursday from Wednesday’s end.
A bond maturing on 15.01.2023 closed at 5.80/90 per cent on Thursday.
A bond maturing on 01.12.2024 closed at 6.70/80 per cent on Thursday, down from 6.73/83 per cent at Wednesday’s end.
A bond maturing on 01.05.2025 closed flat at 6.80/7.00 per cent on Thursday from Wednesday’s end.
A bond maturing on 15.01.2026 closed at 7.05/13 per cent, steady from 7.05/15 per cent at last close.
A bond maturing on 15.08.2027 closed at 7.20/40 per cent unchanged from Wednesday’s end.
A bond maturing on 15.05.2030 closed at 8.00/20 per cent unchanged from Wednesday’s end. (Colombo/Feb25/2021)