Sri Lanka rupee closes weaker at 194/195.00 to the US dollar in the spot market

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 194/195.00 to the US dollar in the spot market on Tuesday, while bond yields were flat ahead of a bond auction on February 24, dealers said.

The rupee last closed in the spot market at 193/194.25 to the dollar on Monday.

In the secondary market bond yields flat in dull market trade, dealers said.

Sri Lanka’s debt office is offering 125 billion rupees in a bond auction to be held tomorrow.

Dealers said the market participants are waiting for the bond auction reduce hence the market is dull.

At the weekly bills auction held today, Sri Lanka’s debt office offered 42.5 billion rupees split in to 7 billion rupees maturing in 3-months, 10.5 billion rupees maturing in 6-months and 25 billion rupees maturing in 12-months.

Out of the 42.5 billion rupees, only 16.8 billion rupees were sold.

A bond maturing on 15.12.2022 closed flat at 5.75/85 per cent on Tuesday.

A bond maturing on 01.10.2023 closed flat at 6.00/15 per cent on Tuesday from Monday’s end.

A bond maturing on 01.12.2024 closed at 6.68/78 per cent on Tuesday, down from 6.70/80 per cent at Monday’s end.

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A bond maturing on 01.05.2025 closed at 6.80/7.00 on Tuesday, steady from 6.80/95 per cent at Monday.

A bond maturing on 15.01.2026 closed flat at 7.00/15 per cent from Monday’s end.

A bond maturing on 15.08.2027 closed unchanged at 7.20/40 per cent from Monday’s end.

A bond maturing on 15.05.2030 closed at 8.00/20 per cent on Tuesday from Monday’s end. (Colombo/Feb23/2021)

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