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Sri Lanka rupee closes weaker, bond yields stable

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.10/25 to the US dollar in the spot market on Friday while gilt yields remained unchanged, brokers and dealers said.

The rupee closed at 180.80/90 to the US dollar in the spot market on Thursday.

Liquidity in the overnight money market was 25.52 billion rupees, up from 9.62 billion rupees at Thursday’s close.

Central bank injected 3.50 billion rupees at 7.54 percent in an overnight reverse repo auction.

In a term reverse repo auction, 3.5 billion rupees was offered at 7.57 percent maturing in 7 days and 1.00 billion rupees at 7.6 percent maturing in 14-days.

In the secondary bond market, yields were unchanged in dull trading, after Thursday’s bond auction, dealers said.

A bond maturing on 15.12.2021 closed flat at 9.65/85 percent on Friday.

A bond maturing on 15.07.2023 closed at 9.50/60 percent on Friday, stable from Thursday’s close.

A bond maturing on 15.09.2024 closed at 9.80/90 percent, down from 9.84/86 percent.

A bond maturing on 15.10.2027 closed at 10.10/18 percent, up from 10.05/15 percent.

A bond maturing on 15.09.2034 closed at 10.25/40 percent, easing from 10.30/45 percent. (Colombo/Dec13/2019)

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