Sri Lanka rupee ends firmer, gilt yields ease

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 179.30/40 to the dollar, while gilt yields eased, dealers said.

In the spot market, the rupee closed at 179.50/60 to the greenback on Monday.

Liquidity in the overnight money market was 10.45 billion rupees, up from 7.86 billion rupees at Monday’s close.

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 active market trade, dealers said.

Dealers said the yield curve has shifted down by 50-basis points from Friday’s market close.

A bond maturing on 15.12.2021 closed at 8.40/60 percent on Tuesday, easing from 8.63/73 percent at Monday’s close.

A bond maturing on 15.07.2023 closed at 9.22/25 percent, falling from 9.45/50 percent.

A bond maturing on 15.09.2024 closed at 9.48/54 percent, easing from 9.77/82 percent.

A bond maturing on 15.10.2027 closed at 9.82/87 percent, down from 10.06/10 percent.

A bond maturing on 15.09.2034 closed at 10.22/32 percent, easing from 10.50/60 percent.
(Colombo/Nov19/2019)