Sri Lanka rupee ends firmer, gilt yields ease marginally

sri lanka rupee notes coin

ECONOMYNEXT – Sri Lanka’s rupee closed firmer at 179.00/30 to the US dollar, while bond yields eased, dealers said.

The rupee closed at 180.30/60 against the greenback in the spot market Thursday.

Liquidity in the overnight money market was a negative 18.49 billion rupees, down from minus 6.97 billion rupees.

Central Bank injected 15.00 billion rupees in an overnight reverse repo auction at 7.42 percent.

In the secondary bond market, gilt yields eased in moderate trading.

A bond maturing on 15.10.2021 closed 8.85/95 percent on Friday, down from 9.00/9.02 percent on Thursday.

A bond maturing on 15.03.2023 closed at 9.70/80 percent, easing from at 9.80/85 percent.

A bond maturing on 15.06.2024 closed at 9.95/98 percent, falling from 10.00/10.02 percent.

A bond maturing on 01.08.2026 closed at 10.02/12 percent, easing from 10.05/10 percent.

A bond maturing on 15.01.2027 closed at flat at 10.05/15 percent.

A bond maturing on 01.05.2028 closed stable at 10.05/15 percent, stable from 10.05/20 percent.

A 20-year bond maturing on 15.08.2039 closed at 10.05/15 percent, down from 10.10/30 percent.
(COLOMBO, 30 August 2019)