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Sri Lanka rupee closes weaker, gilts ease

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.35/45 to the US dollar in the spot market on Tuesday, while gilt yields eased, brokers and dealers said.

The rupee closed at 181.30/40 to the greenback on Monday.

Liquidity in the overnight money market was 26.07 billion rupees, down from 24.04 billion rupees at Monday’s close.

Banks deposited 53.07 billion rupees through the central bank window.

The central bank injected 25.00 billion rupees at 7.50 percent in a reverse repo auction.

In a term reverse repo, Central Bank injected 6.18 billion rupees at 7.48 percent.

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

A bond maturing on 15.12.2021 closed at 8.65/85 percent on Tuesday, down from 8.80/90 percent at Monday’s close.

A bond maturing on 15.07.2023 closed at 9.40/50 percent, down from 9.50/60 percent.

A bond maturing on 15.09.2024 closed at 9.75/80 percent, falling from 9.87/92 percent.

A bond maturing on 15.10.2027 closed at 9.95/10.05 percent, easing from 10.10/20 percent on Monday.

An auctioned 10-year bond maturing on 15.05.2030 closed at 10.15/25 percent, stable from 10.15/30 percent.

A bond maturing on 15.09.2034 closed at 10.25/30 percent, stable from 10.25/35 percent. (Colombo/Dec24/2019)

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