Sri Lanka rupee ends weaker, bonds stable

rupee Sri Lanka

ECONOMYNEXT- The Sri Lanka rupee closed weaker at 180.35/50 to the US dollar on Tuesday, while bond yields were stable, brokers and dealers said.

The rupee closed at 179.70/180.00 against the greenback in the spot market on Monday.

In money markets, there was a 22.49 billion rupee overnight liquidity shortage.

The central bank injected 15 billion rupees in overnight money at 7.51 percent and 10 billion rupees in 7-day money at 7.55 percent.

Another 10 billion rupees in a 14-day reverse repo auction will be settled on Wednesday. There was a 2.75 billion rupee reverse repo maturity.

In the secondary bond market, gilt yields remained mostly unchanged in dull trading, which has been the norm since Friday.

The market is now awaiting direction from the primary bills auction on Wednesday and the bond auction on September 11, dealers said.

A bond maturing on 15.10.2021 ended at 8.85/95 percent on Tuesday, up from 8.80/95 percent on Monday.

A bond maturing on 15.03.2023 ended at 9.70/80 percent, up from 9.65/80 percent.

A bond maturing on 15.06.2024 ended at 10.00/05 percent, up from 9.95/00 percent.

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A bond maturing on 01.08.2026 ended at 10.00/08 percent, easing from 10.02/12 percent.

A bond maturing on 15.01.2027 ended at at 10.00/10 percent, easing from 10.05/15 percent.

A bond maturing on 01.05.2028 ended at 10.00/20 percent, falling from 10.10/25 percent.

A 20-year bond maturing on 15.08.2039 ended at 10.05/25 percent, down from 10.10/30 percent. (COLOMBO, 03 September 2019)

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