Sri Lanka rupee ends weaker, gilt yields stable

ECONOMYNEXT – Sri Lanka’s rupee closed weaker at 181.58/62 to the US dollar on Wednesday while bond yields remained unchanged, brokers and dealers said.

The rupee closed at 181.55/60 against the US dollar on Tuesday.

Liquidity in the overnight money market was 23.56 billion rupees, up from 16.33 billion rupees at Tuesday’s close.

The central bank offered 10 billion rupees in overnight repo auctions for which there were no bids.

In a 16 billion rupee primary Treasury Bill auction on Wednesday, 12-month bill rates rose 1 basis point to 8.35 percent.

In the secondary bond market, yields were stable in dull trade, dealers said.

A bond maturing on 15.12.2021 closed at 8.60/70 percent on Wednesday, unchanged from Tuesday.

A bond maturing 15.07.2023 closed at 9.50/60 percent on Wednesday, down from 9.53/60 percent.

A bond maturing on 15.09.2024 closed at 9.92/97 percent on Wednesday, easing from 9.93/97 percent.

A bond maturing on 15.10.2027 closed at 10.23/27 percent, marginally gaining from 10.22/27 percent.

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A 15-year bond maturing on 15.09.2034 closed at 10.60/66, steady from 10.60/65 percent. (Colombo/Oct30/2019)

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