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Sri Lanka rupee ends flat, guilt yields down marginally

ECONOMYNEXT – Sri Lanka rupee closed flat at 184.15/25 to the US dollar on Monday while bond came off marginally, dealers said.

The rupee closed at 184.15/30 against the greenback on Friday.

In the money market, overnight liquidity was 181.76 billion rupees on Monday, down from 185.47 at Friday.

In the secondary securities market, bond yields came down while the overall market was active, dealers said.

FristCapital daily market report said, “opening the fresh week of trading, buying interest continues to be witnessed on selected maturities whilst overall market witnessed low volumes.”

A 2-year bond maturing on 15.12.2022 closed at 5.58/62 per cent on Monday, down from 5.60/70 per cent at Friday’s closing.

A bond maturing on 15.01.2023 closed at 5.62/65 per cent on Monday, down from 5.65/75 per cent at the last closing.

A bond maturing on 15.09.2024 closed at 6.12/25 per cent, falling from 6.17/6.20 per cent at the previous closing.

A bond maturing on 01.05.2025 closed flat at 6.40/45 per cent from its last closing.

A bond maturing on 01.02.2026 closed at 6.60/65 per cent, down from 6.65/68 per cent at the previous day’s end.

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A bond maturing on 15.08.2027 closed at 6.90/95 per cent on Monday, steady from 6.92/95 per cent at the previous day’s end.

A bond maturing on 01.07.2028 closed at 7.10/18 per cent on Monday unchanged from previous day’s end.

A 10-year bond maturing on 15.05.2030 closed at 7.35/55 per cent, stable from 7.35/45 per cent at the previous day’s end.

Sri Lanka’s Minuwangoda Brandix COVID infection cluster continued to grow after a week, the state information service said 39 persons were confirmed on Monday taking the total to 1,346 Coronavirus cases since a large cluster was found linked to a factory in Minuwangoda.

While a section of Sri Lanka’s powerful Buddhist clergy is opposing the 20th Constitutional Amendment proposed by the government of President Gotabaya Rajapaksa which would have given him sweeping powers over Parliament and the Judiciary.

(Colombo/October10/2020)

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