Sri Lanka rupee ends firmer, gilt yields stable

ECONOMYNEXT – The Sri Lanka rupee closed stronger at 181.10/30 to the US dollar in the spot market on Tuesday, while bonds yields were steady, dealers said.

The rupee closed at 181.50/60 against the greenback in the spot market on Monday.

Liquidity in the overnight money market was 19.76 billion rupees, up from 12.90 billion rupees at Monday’s close. Banks deposited 24.60 billion rupees through the excess liquidity window, up from 21.40 billion rupees.

There were no repo or reverse repo auction for the day.

In the secondary bond market, gilt yields remained unchanged in an inactive market with no trades, dealers said.

A bond maturing on 15.12.2021 closed at 8.88/93 percent on Monday, down from 8.90/98 percent from Monday’s close.

A bond maturing 15.07.2023 closed at 9.85/93 percent, stable from 9.85/95 percent.

A bond maturing on 15.09.2024 closed at 10.26/30 percent slightly down from Monday, 10.27/32 percent.

A 15-year bond maturing on 15.09.2034 which was sold at the last auction closed 10.87/90 percent, down from 10.88/93. (Colombo/Sep24/2019)

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