Sri Lanka rupee closes weaker, gilts stable

ECONOMYNEXT – Sri Lanka rupee closed weaker at 181.48/52 percent to the US dollar in the spot market on Monday while bond yields closed stable in the secondary market, dealers and brokers said.

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

Liquidity in the overnight money market was 23.21 billion rupees, down from 25.85 billion rupees at Friday’s close.

Banks deposited 41.39 billion rupees through Central Bank’s excess liquidity window.

In the secondary market, gilt rates were flat in moderate trade, dealer said.

A bond maturing on 15.12.21 closed at 8.45/65 percent on Monday, gaining from 8.40/60 percent at Friday’s close.

A bond maturing on 01.09.2023 closed at 9.00/9.10 percent, climbing from 8.93/9.03 percent at Friday’s close.

A bond maturing on 15.09.2024 closed at 9.26/30 percent on Monday, gaining from 9.22/27 percent.

A bond maturing on 15.10.2027 closed at 9.45/50 percent up from 9.40/55 percent a day earlier.

A bond maturing on 15.09.2034 closed at 9.45/60 percent, also gaining from 9.40/55 percent at Friday’s close.

(Colombo/Feb03/2020)