ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 196.00/197.00 levels to the US dollar in the one-week forwards market on Wednesday while bond yields slightly down, dealers said.
The rupee last closed in the one- week forward market at 196.50/197.50 to the dollar on Tuesday.
The rupee has fallen from 186.40 in December 2020 to 194.40 to the US dollar in January 2021.
In the secondary market bond yields were slightly down while the overall market witnessed moderate activity, dealers said.
Dealers said the market witnessed slight buying pressure ahead of tomorrow’s monetary policy review.
CBSL announced to issue 45 billion rupees’ worth of T-bills at the bill auction today.
45-billion rupees was split in to 7.5 billion rupees maturing in 3-months, 12-billion rupees maturing in 6-months and 25-billion rupees maturing in 12-months.
3-months bills were oversubscribed, selling 17.3 billion rupees at 4.95 per cent weighted average.
6-months bills were oversubscribed, selling 27.5 billion rupees at 5.03 per cent weighted average.
Dealers said after five weeks the auction was fully subscribed with 3-months and 6-months getting higher demand.
A bond maturing on 15.12.2022 closed at 5.65/73 per cent on Wednesday, down from 5.70/77 per cent at Tuesday’s end.
A bond maturing on 15.11.2023 closed at 6.18/23 per cent on Wednesday, down from 6.22/29 per cent at Tuesday’s end.
A bond maturing on 01.12.2024 closed at 6.65/70 per cent on Wednesday, down from 6.72/75 per cent Tuesday’s end.
A bond maturing on 01.05.2025 closed at 6.85/05 on Wednesday, steady from 6.90/05 per cent at the previous day’s end.
A bond maturing on 15.02.2026 closed at 7.05/25 per cent, up from 7.05/15 per cent at Tuesday’s end.
A bond maturing on 15.08.2027 closed at 7.35/50 per cent, down from 7.40/60 per cent at the previous day’s close.
A bond maturing on 15.05.2030 closed flat at 8.10/50 per cent. (Colombo/March 03/2021)