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Sri Lanka rupee ends weaker, gilt yields up

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.35/50 to the US dollar in the spot market on Thursday, while gilt yields gained, brokers and dealers said.

The rupee closed at 181.15/25 to the greenback on Wednesday.

Liquidity in the overnight money market was 37.99 billion rupees, up from 27.04 billion rupees at the previous day’s close.

Banks deposited 41.09 billion rupees through the central bank window.

There was no reverse repo auction for the day.

In an term reverse repo auction, 18.7 billion rupees were injected at 7.556 percent maturing in 14-days.

In the secondary bond market, yields gained even though market tradings were dull, dealers said.

A bond maturing on 15.12.2021 closed at 8.75/95 percent on Thursday stable from 8.75/90 percent on Wednesday.

A bond maturing on 15.07.2023 closed at 9.55/65 percent, gaining from 9.50/60 percent at yesterday’s close.

A bond maturing on 15.09.2024 closed at 9.93/99 percent, up from 9.90/10.00 percent.

A bond maturing on 15.10.2027 closed at 10.20/25 percent on Thursday, up from 10.10/20 percent on Wednesday.

An auctioned 10-year bond maturing on 15.05.2030 closed at 10.20/35 percent gaining from 10.15/35 percent.

A bond maturing on 15.09.2034 closed at 10.25/35 percent, stable from 10.25/32 percent in the previous close.(Colombo/Dec19/2019)

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