Sri Lanka rupee opens firmer in spot next

ECONOMYNEXT – Sri Lanka’s rupee quoted firmer around 196.50/198 to the US dollar in spot next market on Monday while bond yields remained unchanged, dealers said.

Rupee last closed around 197/200 in the spot-next market on Friday against the greenback with deals done around 198 levels, market participants said. There were spot interventions at 195.50 levels.

Last Friday interventions were made around 195.50 to the US dollar in the spot market while the spot next was quoted close to 200 to the US dollar on Friday, market participants said.

The central bank’s indicative spot rate was 196.8017 on January 25, down from 196.4250 on January 22, while the buying rate was 194.3125 and selling rate was at 199.1875 on Monday morning.

Indicative US dollar exchange rates were 196.8017 on Monday, up from 196.4250 at Friday’s close.

In bond markets, gilt yields are flat in dull market trade, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted flat at 5.40/47 per cent on Monday from Friday.

A bond maturing on 15.01.2023 was quoted flat at 5.42/50 per cent from the last closing.

A bond maturing on 15.09.2024 was quoted unchanged at 6.25/30 per cent.

A bond maturing on 01.05.2025 was quoted at 6.40/50 per cent, unchanged from Friday.

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A bond maturing on 01.02.2026 was quoted at 6.65/75 per cent from the last closing.

A bond maturing on 15.08.2027 was quoted unchanged at 7.05/20 per cent from the last closing.

A 10-year bond maturing on 15.05.2030 was quoted flat at 7.55/75 per cent from Friday. (Colombo/January 25/2021)

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