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Sri Lanka rupee ends firmer, gilt yields ease

ECONOMYNEXT – Sri Lanka’s rupee ended stronger at 179.50/60, while gilt yields eased, dealers said.

In the spot market, the rupee closed at 180.25/30 to the greenback on Friday.

Liquidity in the overnight money market was 7.86 billion rupees, up from 3.90 billion rupees at Friday’s close.

The central bank injected 15.00 billion rupees in an overnight reverse repo auction at 7.53 percent.

In the secondary bond market, yields were down in an active market trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.63/73 percent on Monday, falling from 8.70/85 percent Friday’s close.

A bond maturing on 15.07.2023 closed at 9.45/50 percent, down from 9.67/78 percent on Friday.

A bond maturing on 15.09.2024 closed at 9.77/82 percent, easing from 10.05/10.10 percent.

A bond maturing on 15.10.2027 closed at 10.06/10 percent down from 10.32/38 percent on Friday’s close.

A bond maturing on 15.09.2034 closed at 10.50/60 percent, easing from 10.70/75 percent. (Colombo/Nov18/2019)

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