Sri Lanka rupee ends weaker, bond yields gain

ECONOMYNEXT- Sri Lanka’s rupee ends weaker at 181.45/52 to the US dollar in the spot market on Friday while bond yields gained, dealers said.

The rupee closed at 181.42/48 to the greenback on Thursday.

Liquidity in the overnight money market was 13.65 billion rupees, down from 24.97 billion rupees.

Banks deposited 28.64 billion rupees through Central Bank’s excess liquidity window.

There were no repo auctions for the day.

In the secondary government securities market, bond yields picked up in moderate trade, where the 2024 bond maturities were the most liquid, a dealer said.

A bond maturing on 15.12.2021 closed at 8.80/9.00 percent on Friday, up from 8.70/90 at Thursday’s close.

A bond maturing on 01.09.2023 closed at 9.25/35 percent, gaining from 9.10/25 percent at yesterday’s close.

A bond maturing on 15.09.2024 closed at 9.57/63 percent, gaining from 9.45/50 percent at Thursday’s close.

A bond maturing on 15.10.2027 closed at 9.70/78 percent, up from 9.60/67 percent.

A bond maturing on 15.05.2030 closed at 9.85/95 percent, climbing from 9.80/90 percent at yesterday’s close.

A bond maturing on 15.09.2034 closed at 9.85/10.05 percent, gaining from 9.70/9.90 percent. (Colombo/Feb14/2020)