Sri Lanka rupee opens wide in one month forwards

ECONOMYNEXT – Sri Lanka’s rupee opened wide quoted at 196.00/199.00 to the US dollar in the one month forward market with no spot or spot next quotes in early trade, while bond yields eased, dealers said.

Rupee last closed around 196.00/197.00 in the spot-next market on Tuesday against the greenback.

The central bank’s indicative spot rate was 194.7980 on January 19, up from 193.6458 on yesterday.

In bond markets, gilt yields eased but the long-tenor yields were slightly up after the Monetary Policy yesterday, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted at 5.40/45 per cent on Wednesday, down from 55.40/48per cent at Tuesday’s end.

A bond maturing on 15.01.2023 was quoted at 5.43/53 per cent, unchanged from 5.43/53per cent at the last closing.

A bond maturing on 15.09.2024 was quoted at 6.23/27 per cent, steady from 6.25/30per cent.

A bond maturing on 01.05.2025 was quoted at 6.43/53 per cent, down from 6.45/50per cent at Monday’s end.

A bond maturing on 01.02.2026 was quoted at 6.63/70 per cent, steady from 6.65/75per cent at the last closing.

A bond maturing on 15.08.2027 was quoted at 7.05/15 per cent, unchanged from the last closing.

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A bond maturing on 01.07.2028 quoted flat at 7.20/40 per cent.

A 10-year bond maturing on 15.05.2030 was quoted steady at 7.65/75 per cent, down from 7.60/80 per
cent. (Colombo/Jan20/2021)

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