Sri Lanka rupee ends weaker, gilt yields stable

sri lanka rupee notes coin

ECONOMYNEXT– The Sri Lanka rupee closed weaker at 180.55/70 to the US dollar on Tuesday, while bond yields remained unchanged, brokers and dealers said.

The rupee closed at 180.48/55 against the greenback in the spot market on Monday.

Liquidity in the overnight money market was 13.13 billion rupees, up from 6.44 billion rupees on Monday.

The central bank injected 5.70 billion rupees in an overnight repo auction at 7.43 percent.

In another term repo auction held, 6 billion rupees was offered at 7.43 percent maturing in 7 days to be settled today and 2.4 billion rupees offered at 7.46 maturing in 14 days to be settled on 18 September 2019.

In the secondary bond market, gilt yields remained unchanged in moderate trading, dealers said.

A bond maturing on 15.10.2021 closed at 10.00/10.10 percent up from 9.90/10.10 percent.

A bond maturing on 15.03.2023 remained unchanged at 9.85/10.00 percent.

A new bond maturing on 15.09.2024 closed at 10.35/40 percent, stable from 10.35/38 percent.

A bond maturing on 01.08.2026 was quoted not quoted.

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A bond maturing on 01.05.2028 was quoted not quoted.

A new 15-year bond maturing on 15.09.2034 was quoted stable at 10.95/11.00 percent.

(COLOMBO, 17 September 2019)