Sri Lanka rupee ends weaker, gilt yields remain steady

ECONOMYNEXT – Sri Lanka rupee closed weaker at 181.50/60 rupees to the US dollar on Tuesday, while gilt yields remained stable, market participants said.

In the spot market, the rupee closed at 181.15/30 rupees to the greenback on Monday.

Liquidity in the overnight money market was 21.41 billion rupees, up from 18.80 billion rupees at Monday’s close.

Central Bank injected 10 billion rupees at 7.51 percent in an overnight reverse repo auction.

In the secondary market, gilt yields remained stable in moderate trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.65/85 percent on Tuesday, stable from 8.65/80 percent at Monday’s close.

A bond maturing on 15.07.2023 closed flat at 9.55/65 percent.

A bond maturing on 15.09.2024 closed at 9.85/90 percent, down from 9.83/93 percent.

A bond maturing on 15.10.2027 closed at 10.00/15 percent, falling from 10.02/12 percent.

A bond maturing on 15.09.2034 was quoted flat at 10.30/50 percent.

(Colombo, 03 December 2019)