Sri Lanka rupee ends flat, gilt yields ease

sri lanka rupee notes coin

ECONOMYNEXT- Sri Lanka’s rupee closed flat at 181.50/60 to the US dollar in the spot market on Tuesday, while bond yields fell, dealers and brokers said.

The rupee closed at 181.50/60 to the greenback on Monday.

Liquidity in the overnight money market was 31.99 billion rupees, down from 33.88 billion rupees at the previous day’s close.

Central Bank mopped up 8.93 billion rupees at 7.45 percent in a daily repo auction.

Banks deposited 29.11 billion rupees through Central Bank’s excess liquidity window.

In the secondary bond market, yields eased in active market trading, dealers said.

Dealers said short tenor maturities, 2023 and 2024 were the most liquid.

A bond maturing on 15.12.2021 closed at 8.70/85 percent on Tuesday, up from 8.65/80 percent on Monday’s close.

A new bond maturing on 01.09.2023 closed at 9.35/43 percent, stable from 9.35/40 percent.

A bond maturing on 15.09.2024 closed at 9.55/62 percent easing from 9.57/61 percent on Monday.

A bond maturing on 15.10.2027 closed at 9.70/76 percent falling from 9.77/85 percent.

A bond maturing on 15.05.2030 closed at 9.85/95 percent on Tuesday, down from 9.90/10.00 percent at Monday’s close.

A bond maturing on 15.09.2034 closed at 10.00/10 percent, also falling from 10.05/15 percent at the previous closing.
(Colombo/Jan14/2020)

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