Sri Lanka rupee ends firmer, gilt yields ease

ECONOMYNEXT – Sri Lanka’s rupee closed firmer at 180.30/45 to the US dollar on Tuesday from Monday’s close, while bond yields eased, brokers and dealers said.

The rupee closed at 181.40/50 to the greenback on Monday.

Liquidity in the overnight money market was 11.13 billion rupees, down from 33.66 billion rupees at the previous day’s close.

Banks deposited 19.41 billion rupees at 7 percent through Central Bank’s excess liquidity window, down from 24.98 billion rupees on Monday.

In the secondary market, gilt rates eased in active trading, dealers said.

Dealers said the activity in the secondary market is due to the expectation on Friday’s bond auction and tomorrow’s weekly bills auction of 21.5 billion rupees

A bond maturing on 15.12.2021 closed at 8.70/80 percent on Tuesday, down from 8.75/8.85 percent at Monday’s close.

A bond maturing 15.07.2023 closed at 9.75/85 percent, down from 9.85/90 percent on Monday.

A bond maturing on 15.09.2024 closed at 10.16/20 percent, easing from 10.25/30 percent on Monday’s close.

A 15-year bond maturing on 15.09.2034 closed at 10.71/77 percent, up from 10.70/80 percent on Monday.
(Colombo/Oct08/2019)

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