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Sri Lanka rupee ends first-week firmer, gilts steady

ECONOMYNEXT- Sri Lanka’s rupee closed marginally stronger at 181.25/35 to the US dollar in the spot market on Friday, while bond yields remained stable, dealers said.

The rupee closed at 181.30/45 to the greenback on Thursday.

Liquidity in the overnight money market was 29.49 billion rupees, up from 27.70 billion rupees at Thursday’s close.

Central Bank injected 20.00 billion rupees at 7.50 percent in an overnight reverse repo auction.

In the secondary bond market, yields held the same rate in moderate trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.60/75 percent on Friday, steady from 8.60/80 at Thursday’s close.

A bond maturing on 15.07.2023 closed at 9.25/40 percent, gaining from 9.20/30 percent at the previous close.

A bond maturing on 15.09.2024 closed at 9.55/59 percent, slightly up from 9.54/59 percent.

A bond maturing on 15.10.2027 closed at 9.75/78 percent stable from Thursday’s close at 9.75/80 percent.

A bond maturing on 15.05.2030 closed at 9.95/10.00 percent, unchanged from 9.95/10 percent yesterday.

A bond maturing on 15.09.2034 closed at 10.05/10.20 percent, falling from 10.15/25 percent. (Colombo/Jan03/2020)

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