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Sri Lanka rupee closes weaker, bond yields stable

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.40/60 to the US dollar in the spot market on Thursday, while gilt yields were stable, dealers said.

The rupee closed at 181.30/40 rupees to the US dollar on Wednesday.

In the money markey, overnight liquidity fell to 13.07 billion rupees from 16.41 billion rupees a day earlier.

Bank borrowings and deposits through the overnight window remained stable, while the central bank injected 20 billion rupees in overnight money through a reverse repo auction at 7.52 percent, which was 5 billion rupees more than Wednesday.

In the secondary bond market, gilt yields were steady in dull trade, with the 15.09.2024 bond being the most liquid when its yield rose 10 basis points mid-day before falling flat towards end of trading, dealers said.

A bond maturing on 15.12.2021 closed flat at 8.60/80 percent on Thursday from Wednesday’s close.

A bond maturing on 15.07.2023 closed at 9.50/60 percent, unchanged.

A bond maturing on 15.09.2024 closed at 9.82/88 percent, steady from 9.82/85 percent.

A bond maturing on 15.10.2027 closed at 10.10/18 percent, up from 10.00/15 percent.

A bond maturing on 15.09.2034 closed at 10.30/45 percent, stable from 10.30/50 percent. (Colombo/Dec05/2019)

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