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Sri Lanka rupee ends stronger, bond yields flat

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 181.15/25 to the US dollar in the spot market on Tuesday, while bond yields fell, dealers said.

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

Liquidity in the overnight money market marginally fell to 36.6 billion rupees from a day earlier, despite banks depositing more through the central bank window.

The central bank injected 10 billion rupees in overnight money at 7.50 percent in a reverse repo auction, while 20 billion rupees in 14-day money will be injected in an auction to be settled on Thursday to match a maturing term reverse repo auction.

At a primary bill auction held on Wednesday, rates were stable.

In the secondary bond market, yields fell ahead of the weekly bill auction in active trading, and recovered later.

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

A bond maturing on 15.07.2023 closed at 9.20/25 percent, down from 9.24/28 percent at the previous close.

A bond maturing on 15.09.2024 closed at 9.52/57 percent, up from 9.50/55 percent.

A bond maturing on 15.10.2027 closed at 9.75/85 percent, unchanged.

A bond maturing on 15.05.2030 closed at 9.95/15 percent, stable from 9.95/10.20 percent.

A bond maturing on 15.09.2034 closed at 10.00/25 percent, down from 10.05/10.20 percent. (Colombo/Jan01/2020)

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