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Sri Lanka rupee ends weaker, gilts ease

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.65/75 to the US dollar in the spot market on Monday, while gilt yields eased, brokers and dealers said.

The rupee closed at 181.45/55 to the greenback on Friday.

Liquidity in the overnight money market was 45.49 billion rupees, down from 45.57 billion rupees at Friday’s close.

Banks deposited 45.49 billion rupees at the central bank excess liquidity window.

There was no repo or reverse repo auction for the day.

In the secondary bond market, yields marginally eased in moderate trading, dealers said.

A bond maturing on 15.12.2021 closed at 8.65/80 percent on Monday, down from 8.75/90 percent at Friday’s close.

A bond maturing on 15.07.2023 closed at 9.25/35 percent, falling from 9.35/45 percent.

A bond maturing on 15.09.2024 closed at 9.62/69 percent, falling from 9.70/75 percent.

A bond maturing on 15.10.2027 closed at 9.80/90 percent, easing from 9.85/10.00 percent on Friday.

 An auctioned 10-year bond maturing on 15.05.2030 closed at 10.00/10.20 percent, stable from its last closing.

A bond maturing on 15.09.2034 closed at 10.15/25 percent, down from 10.20/40 percent.

(Colombo/Dec30/2019)

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