Sri Lanka rupee ends weaker, gilt yields stable

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.55/65 to the US dollar in the spot market on Monday from last week, while bond yields remained stable, dealers and brokers said.

The rupee closed at 181.50/60 to the greenback on Friday.

Central Bank has announced the issuance of 32.5 billion rupees bonds at the auction to be held on Thursday.

Liquidity in the overnight money market was 32.50 billion rupees, down from 33.33 billion rupees.

Bank’s deposited 22.75 billion through Central Bank’s excess liquidity window.

Central Bank mopped up 11.55 billion rupees at 7.49 percent in an overnight reverse repo auction.

In the secondary bond market, yields were flat in moderate trading, dealers said.

Dealers said activity centred mostly on 2024 and 2027 maturities.

A bond maturing on 15.12.2021 closed at 8.70/85 percent on Monday, falling from 8.75/90 percent at Friday’s close.

A bond maturing on 01.09.2023 closed at 9.30/35 percent today unchanged from its last closing on Friday.

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A bond maturing on 15.09.2024 closed at 9.51/56 percent on Monday, stable from 9.51/54 percent on Friday.

A bond maturing on 15.10.2027 closed at 9.68/72 percent today, easing from 9.70/75 percent last week.

A bond maturing on 15.05.2030 closed at 9.86/93 percent, down from 9.85/95 percent.

A bond maturing on 15.09.2034 closed at 9.93/99 percent, stable from 9.93/10.05 from its previous close.(Colombo/Jan27/2020)

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