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Sri Lanka rupee ends weaker, gilt yields stable

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.20/30 to the US dollar in the spot market on Monday from Friday, while gilt yields were stable, brokers and dealers said.

The rupee closed at 181.10/25 to the US dollar on Friday.

Liquidity in the overnight money market was 16.24 billion rupees, down from 25.52 billion rupees.

Banks deposited 36.27 billion rupees through the central bank window.

Central Bank injected 6.85 billion rupees at 7.55 percent in a reverse repo auction.

In a term-reverse repo auction, 10 billion rupees in seven-day money was injected at 7.53 percent.

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

A bond maturing on 15.12.2021 closed at 8.70/85 percent on Monday, up from 8.65/85 percent at Friday’s close.

A bond maturing on 15.07.2023 closed at 9.50/55 percent on Monday, stable from Friday’s close.

A bond maturing on 15.09.2024 closed at 9.84/88 percent, gaining from 9.80/90 percent.

A bond maturing on 15.10.2027 closed at 10.05/15 percent, easing from 10.10/18 percent.

An auctioned 10-year bond maturing on 15.05.2030 closed flat at 10.15/35 percent.

A bond maturing on 15.09.2034 closed at 10.25/40 percent, easing from 10.30/45 percent. (Colombo/Dec16/2019)

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