Sri Lanka rupee ends firmer, gilt yields marginally up

ECONOMYNEXT – Sri Lanka’s rupee closed firmer at 181.95/10 to the US dollar on Friday, while bond yields gained, brokers and dealers said.

Sri Lanka rupee closed 182.00/20 to the greenback on Thursday.

Liquidity in the overnight money market was 7.95 billion rupees, up from 4.58 billion rupees at the previous day’s close.

The central bank injected 20.00 billion rupees at 7.67 percent in a term repo auction maturing in 7-days.

The central bank also increased its holdings of government securities by 1.5 billion rupees to 94.60 billion rupees.

In the secondary market, yields rose marginally in a dull market, dealers said.

A bond maturing on 15.12.2021 closed at 8.63/70 percent on Friday, up from 8.60/70 percent Thursday’s close.

A bond maturing 15.07.2023 closed at 9.55/62 percent, gaining from 9.50/60 percent.

A bond maturing on 15.09.2024 closed at 9.95/00 percent, up from 9.92/95 percent.

A 15-year bond maturing on 15.09.2034 closed at 10.67/73 percent, gaining from 10.65/70 percent. (Colombo/Oct18/2019)