Sri Lanka rupee ends weaker, bond yields ease

ECONOMYNEXT– The Sri Lanka rupee closed weaker at 180.95/181.05 to the US dollar on Thursday, while bond yields eased, brokers and dealers said.

The rupee closed at 180.70/80 against the greenback in the spot market on Wednesday.

Liquidity in the overnight money market was 47.90 billion rupees, down from 59.93 billion rupees previous close.

Banks deposited 34.84 billion through the overnight window of the Central Bank, down from 71 billion rupees on Wednesday’s close.

After two months of liquidity injections, Central Bank mopped up 20.92 billion rupees in an overnight repo auction at 7.35 percent.

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

A bond maturing on 15.10.2021 closed flat at 10.00/10.05 percent on Thursday.

A bond maturing on 15.03.2023 closed at 9.75/85 percent, down from 9.80/90 percent.

A new bond maturing on 15.09.2024 closed at 10.25/30 percent, easing from 10.30/35 percent.

A bond maturing on 01.08.2026 was quoted not quoted.

A bond maturing on 01.05.2028 was quoted not quoted.

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A 15-year bond maturing on 15.09.2034 closed at 10.82/87 percent, falling from 10.90/95 percent. (Colombo/Sep19/2019)