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Sri Lanka rupee ends weaker around 194.00/196.50 to the US dollar

ECONOMYNEXT- Sri Lanka rupee ends weaker around 194.00/196.50 levels in the spot market on Tuesday, while bond yields edged up in dull market trade, dealers said.

The rupee closed wide 194.00/195.50 to the US dollar on Monday.

In the secondary market bond yields gained in dull market trade, dealers said.

“The secondary market yield curve continues to witness an upward pressure while overall market witnessed limited activities amidst thin volumes. Selling interest was seen on shorter tenors 15.03.22 trading at 5.30%, 01.09.23 at 5.93%, 01.10.23 at 5.95%, 01.12.24 traded in the range of 6.51%-6.54% levels, 01.05.25 traded in the range of 6.85%-6.80% levels, in addition, long tenor maturities 15.08.27 traded at 7.30% and 15.05.30 traded at 8.00%,” FirstCapital said.

Central Bank announced an issue of 40 billion rupees worth of T-Bills at the upcoming auction that will be held on 10th Feb 2021 while the maximum rate of acceptance for the 1 Yr bill was announced at 5.05 per cent.

A bond maturing on 15.12.2022 closed at 5.45/55 per cent on Tuesday, steady from 5.45/53 per cent at Monday close.

A bond maturing on 01.10.2023 closed flat at 5.90/95 per cent on Tuesday,steady from 5.90/6.00 per cent from Monday’s close.

A bond maturing on 01.12.2024 closed at 6.50/55 per cent on Tuesday, up from 6.47/55 per cent a day earlier.

A bond maturing on 01.05.2025 closed at 6.75/85 per cent on Tuesday, down from 6.80/90 per cent.

A bond maturing on 15.08.2027 closed at 7.15/35 per cent, steady from 7.15/30 per cent.

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A bond maturing on 15.05.2030 closed at 7.85/8.05 per cent, gaining from 7.65/85 per cent at Monday’s end. (Colombo/Feb09/2021)

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