Sri Lanka rupee closes weaker, gilt yields stable

ECONOMYNEXT- Sri Lanka’s rupee ended slightly weaker at 181.40/50 percent to the US dollar in the spot market on Friday while bond yields were stable, dealers said.

The rupee closed at 181.35/45 to the greenback on Thursday.

Overnight liquidity in the money market fell further closing at 11.18 billion rupees from 15.74 billion rupees on Thursday.

Banks deposited 27.98 billion through the Central Bank’s excess liquidity window.

The Central Bank injected 13.45 billion rupees through a reverse repo auction at 6.97 percent.

In the secondary government securities market, bond yields were stable with active trade, especially on the 2024 and 2023 maturities which were also the most liquid, a dealer said.

A bond maturing on 15.12.2021 closed at 8.60/80 percent on Friday, falling from 8.65/85 percent at Thursday’s close.

A bond maturing on 01.09.2023 closed flat at 9.10/20 percent from yesterday’s closing.

A bond maturing on 15.09.2024 closed at 9.43/49 percent on Friday, rising from 9.40/45 percent yesterday.

A bond maturing on 15.10.2027 closed at 9.62/68 percent, up from 9.60/65 percent on Thursday.

A bond maturing on 15.05.2030 closed at 9.65/85 percent, gaining from 9.60/80 percent.

A bond maturing on 15.09.2034 closed at 9.65/95 percent, rising from 9.60/90 percent.

(Colombo/Feb07/2020)