Sri Lanka rupee ends firmer, bond yields stable

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 180.85/90 to the US dollar on Monday from Friday’s close, while bond yields remained flat, brokers and dealers said.

The rupee closed at 181.30/45 to the dollar on Friday.

Liquidity in the overnight money market was 33.66 billion rupees, down from 28.48 billion rupees at Friday’s close.

Central Bank had mopped up 9.00 billion rupees at 7.42 percent in an overnight repo auction.

Rates were flat in the secondary bond market, dealers said.

A bond maturing on 15.12.2021 closed flat at 8.75/8.80 percent on Monday, steady from Friday’s close.

A bond maturing 15.07.2023 closed unchanged from 9.85/90 percent.

A bond maturing on 15.09.2024 closed at 10.23/27 percent, easing from 10.26/30 percent on Friday.

A 15-year bond maturing on 15.09.2034 closed at 10.73/77 percent, stable from 10.73/75 percent.
(Colombo/Oct07/2019)

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