ECONOMYNEXT – Sri Lanka’s rupee closed with bids at 199.90 levels to the one-month dollar with no offers, market participants said while the retail exchange rate was devalued and bond yields were steady.
The retail dollar rate for all commercial banks which is now set administratively set was lowered to 203 to the US dollar from 202, last week.
On Thursday rupee closed at 199/208 levels to one month dollar. One year buy/sell have traded this weel with the forward leg at a 17 rupee discount dealers said.
Banks were offering dollars telegraphic transfers at 198.2691/202.8494 levels.
In the secondary market, bond yields remained unchanged in dull market trade, dealers said.
Market dealers said that short-tenor maturities eased slightly.
Bonds maturing on 15/12/2022 closed at 5.57/62 per cent on Tuesday, down from 5.58/65 per cent on Monday.
Bonds maturing on 15.11.2023 closed flat at 6.20/25 per cent on Tuesday from Monday’s close.
Bonds maturing on 15.12.2024 closed at 6.58/63 per cent on Tuesday, up from 6.55/60 per cent on Monday.
A bond maturing on 01.05.2025 closed at 6.85/95 per cent on Tuesday, down from 6.87/93 per cent on Monday.
A bond maturing on 01.02.2026 closed at 7.28/33 per cent on Tuesday, up from 7.27/35 per cent on Monday.
A bond maturing on 15.10.2027 closed at 7.55/80 per cent on Tuesday, down from 7.60/80 per cent on Monday.