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Sri Lanka rupee ends firmer, gilt yields ease

ECONOMYNEXT – Sri Lanka’s rupee closed stronger at 179.20/35 to the dollar on Wednesday, while gilt yields eased, dealers said.

In the spot market, the rupee closed at 179.30/40 to the greenback on Tuesday.

Liquidity in the overnight money market was 12.70 billion rupees, up from 10.45 billion rupees at Tuesday’s close.

Central Bank injected 15.00 billion rupees at 7.55 percent in an overnight reverse repo auction.

In the secondary market, gilt yields eased in active trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.45/52 percent on Wednesday, gaining from 8.40/60 percent at Tuesday’s close.

A bond maturing on 15.07.2023 closed at 9.10/18 percent, easing from 9.22/25 percent.

A bond maturing on 15.09.2024 closed at 9.35/45 percent, falling from 9.48/54 percent.

A bond maturing on 15.10.2027 closed at 9.75/83 percent, down from 9.82/87 percent.

A bond maturing on 15.09.2034 closed at 10.20/30 percent, easing from 10.22/32 percent.
(Colombo/Nov20/2019)

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