Sri Lanka rupee ends steady, gilt yields remain unchanged

ECONOMYNEXT- Sri Lanka rupee closed steady at 181.40/42 percent to the US dollar in the spot market on Monday while bond yields were stable, dealers said.

The rupee closed at 181.40/50 to the greenback on Thursday.

Overnight liquidity in the money market picked up, closing at 17.80 billion rupees up from 11.18 billion rupees on Friday

Banks deposited 26.55 billion through the Central Bank’s excess liquidity window.

The Central Bank injected 5.75 billion rupees through a reverse repo auction at 6.93 percent.

In the secondary government securities market, bond yields were stable with moderate trade, where the 2024 bond was the most liquid, a dealer said.

A bond maturing on 15.12.2021 closed flat at 8.60/80 percent on Monday, from Friday’s close.

A bond maturing on 01.09.2023 closed flat at 9.15/25 percent gaining from yesterday’s closing at 9.10/20 percent.

A bond maturing on 15.09.2024 closed at 9.43/48 percent on Monday, stable from yesterday.

A bond maturing on 15.10.2027 closed at 9.60/70 percent, down from 9.32/38 percent on Friday.

A bond maturing on 15.05.2030 closed flat at 9.65/85 percent.

A bond maturing on 15.09.2034 closed at 9.65/95 percent, also holding at the same levels since the last closing.
(Colombo/Feb10/2020)