Sri Lanka rupee opens wide, gilts flat, stocks down
ECONOMYNEXT- Sri Lanka’s rupee was quoted wide at 181.45/75 on the dollar after hitting an all-time low of 181.67 on Monday while bond yields were flat and stocks were weaker the day after Christmas, dealers and brokers said.
In money markets, overnight money was quoted at 8.95/9.00 and in repo markets, bids were around 8.95 with no offers.
Yields on T-bills and bonds settled at the previous close after dipping slightly in thin trading.
A bond maturing on 15.03.2023 was quoted at 11.65/55, while a bond maturing on 01.09.28 was quoted at 12.00/90.
Twelve-month T-Bills were quoted 10.90/80.
The Colombo Stock Exchange was down 0.05 percent at 6,022.23 points an hour after market opening with thin trading.
The more liquid S&P SL20 index was up 0.12 percent to 3,128.60 points.
Renuka Agri Foods Plc, Orient Finance Plc and Ceylinco Insurance Plc drove the volume. (Colombo/Dec26/2018)