Sri Lanka rupee closes stronger, gilts ease

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 181.30/45 to the US dollar in the spot market on Tuesday, while gilt yields eased, dealers said.

The rupee closed at 181.45/55 to the greenback on Friday.

Liquidity in the overnight money market was 37.90 billion rupees, down from 45. 49 billion rupees at Monday’s close.

Banks deposited 43.29 billion rupees at the central bank excess liquidity window.

There was no repo or reverse repo auction for the day.

In the secondary bond market, yields marginally eased in active trading seen in bonds maturing on 15.07.2023 and 15.09.2024 specifically, dealers said.

A bond maturing on 15.12.2021 closed at 8.60/80 percent on Tuesday, down from 8.65/80 percent at Monday’s close.

A bond maturing on 15.07.2023 closed at 9.24/28 percent, falling from 9.25/35 percent.

A bond maturing on 15.09.2024 closed at 9.50/55 percent, falling from 9. 62/69 percent.

A bond maturing on 15.10.2027 closed at 9.75/85 percent, easing from 9. 80/90 percent on Friday.

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An auctioned 10-year bond maturing on 15.05.2030 closed at 9.95/10.20 percent, falling from 10.00/10.20 percent in the last close.

A bond maturing on 15.09.2034 closed at 10.05/10.20 percent, down from 10.15/10.25 percent.

(Colombo/Dec31/2019)

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