Sri Lanka rupee ends weaker, gilt yields gain

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 179.50/70 to the dollar on Thursday, while gilt yields rose, dealers and brokers said.

In the spot market, the rupee closed at 179.20/35 to the greenback on Wednesday.

Liquidity in the overnight money market was 14.90 billion rupees, up from 12.70 billion at the previous day’s close.

Central Bank injected 15.35 billion rupees at 7.52 percent in an overnight reverse repo auction.

In another term reverse repo, Central Bank offered 9 billion rupees at 7.63 percent maturing in 14 days.

In the secondary market, gilt yields gained in active trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.50/65 percent on Thursday, up from 8.45/52 percent at Wednesday’s close.

A bond maturing on 15.07.2023 closed at 9.15/25 percent, gaining from 9.10/18 percent.

A bond maturing on 15.09.2024 closed at 9.45/55 percent, up from 9.35/45 percent.

A bond maturing on 15.10.2027 closed at 9.80/87 percent, gaining from 9.75/83 percent.

A bond maturing on 15.09.2034 closed at 10.25/40 percent, up from 10.20/30 percent yesterday’s close. (Colombo/Nov21/2019)