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Sri Lanka rupee ends weaker, bond yields ease

ECONOMYNEXT- Sri Lanka’s rupee closed stronger at 181.05/15 to the US dollar in the spot market on Friday, while gilt yields eased marginally, brokers and dealers said.

The rupee closed at 181.35/50 to the greenback on Thursday.

Liquidity in the overnight money market was 30.49 billion rupees, down from 37.99 billion rupees at Thursday’s close.

Banks deposited 43.21 billion rupees through the central bank window.

The central bank injected 10.00 billion rupees at 7.49 percent in a reverse repo auction.

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

A bond maturing on 15.12.2021 closed at 8.65/95 percent, down from 8.75/95 percent on Friday.

A bond maturing on 15.07.2023 closed at 9.50/60 percent, falling from 9.55/65 percent at yesterday’s close.

A bond maturing on 15.09.2024 closed at 9.87/92 percent, down from 9.93/99 percent on Thursday.

A bond maturing on 15.10.2027 closed at 10.05/15 percent on Friday, falling from 10.20/25 percent on Thursday.

An auctioned 10-year bond maturing on 15.05.2030 closed at 10.15/30 percent easing from 10.20/35 percent.

A bond maturing on 15.09.2034 closed flat at 10.25/35 percent. (Colombo/Dec20/2019)

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