Sri Lanka rupee closes weaker, gilt yields stable

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 182.00/182.15 to the US dollar in the spot market on Monday and bond yields remained unchanged, dealers said.

The rupee closed at 181.85/00 against the greenback in the spot market on Friday.

Liquidity in the overnight money market was 23.37 billion rupees up from 17.99 billion rupees at Friday’s close.

Banks deposited 44 billion rupees of excess liquidity at the central bank’s overnight window Monday, up from 26.36 billion rupees at Friday’s close.

In the secondary bond market, gilt yields remained unchanged, dealers said.

A bond maturing on 15.12.2021 closed at 8.75/85 percent on Monday, unchanged from Friday.

A bond maturing 15.07.2023 closed at 9.85/90 percent, up from Friday’s 9.80/95 percent.

A bond maturing on 15.09.2024 closed at 10.25/30 percent, stable from 10.25/26 percent.

A 15-year bond maturing on 15.09.2034 closed at 10.79/82 percent, easing from 10.80/85 percent.
(Colombo/Sept30/2019)

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