Sri Lanka rupee closes weaker, gilt yields ease

ECONOMYNEXT– The Sri Lanka rupee closed weaker at 181.10/25 to the US dollar on Friday, while bond yields gained eased, dealers said.

The rupee closed at 180.95/181.00 against the greenback in the spot market on Thursday.

Liquidity in the overnight money market was 42.17 billion rupees, slightly down from, 47.90 billion rupees on Thursday.

Banks deposited 19.81 billion rupees through the Central Bank window, down from 34.84 billion rupees on Thursday.

Central Bank mopped up 30.00 billion rupees at 7.31 percent in a repo auction.

In the secondary bond market, gilt yields eased in active trading, dealers said.

A bond maturing on 15.10.2021 closed at 8.85/95 percent on Friday, down from 9.00/05 on Thursday.

A bond maturing on 15.03.2023 closed flat at 9.75/85 percent.

A new bond maturing on 15.09.2024 closed at 10.25/35 percent, easing from 10.30/34 percent.

A bond maturing on 01.08.2026 was quoted not quoted.

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A bond maturing on 01.05.2028 was quoted not quoted.

A 15-year bond maturing on 15.09.2034 closed at 10.80/88 percent, down from 10.90/95 percent. (Colombo/Sep20/2019)