Sri Lanka rupee closes weaker, gilt yields up

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 181.65/95 to the US dollar on Tuesday, while gilt yields gained for the fourth consecutive day, dealers said.

In the spot market, the rupee closed at 180.85/181.00 to the greenback on Monday.

Liquidity in the overnight money market was 35.39 billion rupees, down from 35.44 billion rupees at Friday’s close.

In the secondary market, gilt yields were up in an active market, dealers said.

A bond maturing on 15.12.2021 closed flat at 8.65/75 percent on Tuesday.

A bond maturing on 15.07.2023 closed at 9.25/40 percent, gaining from 9.20/35 percent.

A bond maturing on 15.09.2024 closed at 9.70/75 percent, up from 9.57/65 percent.

A bond maturing on 15.10.2027 closed at 10.00/10.10 percent, gaining from 9.93/10.00 percent on Monday.

A bond maturing on 15.09.2034 closed at 10.30/60 percent, up from 10.25/40 at the previous close.
(Colombo/Nov26/2019)

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