Sri Lanka rupee ends weaker, bond yields steady

ECONOMYNEXT – The Sri Lanka rupee closed weaker at 181.50/60 to the US dollar in the spot market on Monday, while bonds yields were steady, dealers said.

The rupee closed at 181.10/25 against the greenback in the spot market on Friday.

Liquidity in the overnight money market was 12.90 billion rupees, down from 42.17 billion rupees at Friday’s close.

Banks deposited 21.40 billion rupees and withdrew 8.5 billion rupees; nearly the same amounts as Friday.

There was no repo or reverse repo auction for the day but in a 14-day term repo auction, 20 billion rupees was offered at 7.46 percent to be settled on September 24.

In the secondary market, bonds were trading around the same levels as Friday, dealers said.

A bond maturing on 15.12.2021 closed at 8.90/98 percent on Monday down from 8.92/97 percent on Friday.

A bond maturing 15.07.2023 closed at 9.85/95 percent, stable from Friday’s 9.85/90 percent

A bond maturing on 15.09.2024 closed at 10.27/32 percent, up from 10.25/32 percent.

A 15-year bond maturing on 15.09.2034 which was sold at the last auction closed at 10.88/92 percent, up from Friday’s, 10.83/88 percent. (Colombo/Sep23/2019)

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