Sri Lanka rupee closes weaker, gilt yields ease

rupee notes

ECONOMYNEXT- The Sri Lanka rupee closed weaker at 180.85/95 to the US dollar on Friday, while bond yields fell, brokers and dealers said.

The rupee closed at 180.75/85 against the greenback in the spot market on Thursday.

The Central Bank of Sri Lanka had maintained liquidity short over the six previous days.

Liquidity in the overnight money market was 10.88 billion rupees, up from 8.60 billion rupees at Thursday’s close.

The central bank injected 20.00 billion rupees in overnight money at 7.38 percent and another 25.00 billion rupees at 7.48 maturing in 14 days.

In the secondary bond market, gilt yields fell in moderate trading, dealers said.

Dealers said the 2024 maturities were the most liquid.

A bond maturing on 15.10.2021 closed at 8.70/80 percent on Friday, down from 9.00/9.10 percent at Thursday’s close.

A bond maturing on 15.03.2023 closed at 9.70/85 percent, down from 9.80/90 percent.

A bond maturing on 15.06.2024 closed at 10.00/10.04 percent, falling from 10.05/10 percent.

A bond maturing on 01.08.2026 closed at 10.05/10 percent, down from 10.10/15 percent.

A bond maturing on 15.01.2027 closed at 10.05/15 percent, down from 10.10/20 percent.

A bond maturing on 01.05.2028 closed at 10.05/15 percent, falling from 10.10/25 percent.

A 20-year bond maturing on 15.08.2039 closed at 10.05/35 percent, easing from 10.10/40 percent. (COLOMBO, 06 September, 2019)