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Sri Lanka rupee ends weaker, gilts yields up

ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.45/55 to the US dollar in the spot market on Friday, while bond yields gained after the central bank kept policy rates stable.

The rupee closed at 181.35/45 to the greenback on Thursday.

Banks deposited 46.6 billion rupees at the central bank excess liquidity window.

In the secondary bond market, yields gained in active trading, dealers said.

Thursday, yields had fallen as the market expected a policy rate cut, and rates bounced back as the central bank kept its rates.

A bond maturing on 15.12.2021 closed at 8.75/90 percent on Friday, up from 8.60/80 percent at Thursday’s close.

A bond maturing on 15.07.2023 closed at 9.35/50 percent, gaining from 9.30/35 percent.

A bond maturing on 15.09.2024 closed at 9.70/75 percent, gaining from 9.52/57 percent.

A bond maturing on 15.10.2027 closed at 9.85/10.00 percent, up from 9.75/90 percent.

An auctioned 10-year bond maturing on 15.05.2030 closed at 10.00/25 percent, easing from 10.15/25 percent.

A bond maturing on 15.09.2034 was quoted at 10.20/35 percent, up from 10.00/20 percent.(Colombo/Dec27/2019)

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