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Sri Lanka rupee ends weaker, bond yields edge up

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.15/25 to the US dollar in the spot market on Wednesday, while gilt yields marginally gained, brokers and dealers said.

The rupee closed at 181.05/20 to the greenback on Tuesday.

Liquidity in the overnight money market was 27.04 billion rupees, stable from 27.75 billion rupees at the previous day’s close.

Banks deposited 47.04 billion rupees through the central bank window.

The central bank injected 20.00 billion rupees at 7.50 percent in a reverse repo auction.

In another term reverse repo auction, 18.7 billion rupees were injected at 7.556 percent maturing in 14-days.

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

A bond maturing on 15.12.2021 closed at 8.75/90 percent on Wednesday, up from 8.65/90 percent at Tuesday’s close.

A bond maturing on 15.07.2023 closed at 9.50/60 percent, stable from Tuesday.

A bond maturing on 15.09.2024 closed at 9.90/95 percent, up from 9.86/90 percent.

A bond maturing on 15.10.2027 closed at 10.10/20 percent on Wednesday, up from 10.05/15 percent.

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

A bond maturing on 15.09.2034 closed at 10.25/35 stable down from 10.25/32 percent in the previous close. (Colombo/Dec18/2019)

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