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Thursday May 13th, 2021
Bonds & Forex

Sri Lanka rupee quoted flat, gilt yields steady

ECONOMYNEXT – Sri Lanka rupee quoted flat at 184.90/185.20 to the US dollar in the spot market on Friday while gilt yields were steady in the overall market, dealers said.

The rupee closed at 184.90/185.20 to the US dollar on Thursday.

The Central Bank Governor W.D Lakshman said that Sri Lanka will focus policy on boosting growth with inflation ‘well-behaved’.

“Given well-behaved inflation, economic growth continues to be the key concern that needs to be addressed urgently,” Governor Lakshman told reporters in an online media briefing.

“The ongoing and expected monetary and fiscal support will help the recovery.”

In the policy review held yesterday (November 26), Sri Lanka kept policy rates unchanged.

In the secondary securities market, bond yields remained steady in active market trade, dealers said.

A 2-year bond maturing on 15.12.2022 was quoted at 5.80/90 per cent on Friday, steady from 5.80/85 per cent at Thursday’s closing.

A bond maturing on 15.01.2023 quoted flat at 5.85/95 per cent from Thursday’s end.

A bond maturing on 15.09.2024 was quoted flat at 6.50/55 per cent on Friday.

A bond maturing on 01.05.2025 Closed at 6.55/65 per cent on Thursday.

A bond maturing on 01.02.2026 closed at 6.80/90 per cent, up from 6.65/80 per cent at the last closing.

A bond maturing on 15.08.2027 closed at 7.15/20 per cent, up from 7.10/18 per cent at the previous day’s end.

A bond maturing on 15.07.2028 closed at 7.25/35 per cent.
(Colombo/Nov27/2020)

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