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Sri Lanka rupee quoted steady at 197.30/197.40 levels in the one-week forwards market

ECONOMYNEXT – Sri Lanka’s rupee quoted steady at 197.30/197.40 levels to the US dollar in the one-week forwards market on Tuesday while bond yields remained unchanged, dealers said.

The rupee last closed in the one- week forward market at 197/197.50 to the US dollar on Tuesday.

In the secondary market bond yields remained unchanged while the overall market witnessed dull activity, dealers said.

Meanwhile, the bill auction held yesterday, got undersubscribed as CBSL accepted only 77% of the total offered amount of LKR 45.0Bn. The 03 months was accepted at 4.99%, 06 months at 5.06% and 01-year bill at 5.10%, FirstCapital Market Research said.

Dealers said the market is waiting for bond auction results.

Sri Lanka’s debt office is offering 60 billion rupee bonds to be sold at an auction held today.

The bond is split in to 20 billion maturing on 01.09.2023, 15 billion maturing on 01.02.2026 and 25 billion maturing on 15.08.2027.

A bond maturing on 15.12.2022 was quoted at 5.70/80 per cent on Wednesday, down from 5.83/88 per cent at Tuesday’s end.

A bond maturing on 15.11.2023 was quoted at 6.20/28 per cent, down from 6.23/30 per cent at Tuesday’s end.

A bond maturing on 01.12.2024 was quoted at 6.60/70 per cent, steady from 6.60/68 per cent at Tuesday’s end.

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A bond maturing on 01.05.2025 was quoted at 6.75/90 per cent on Tuesday, up from 6.70/85 per cent.

A bond maturing on 15.02.2026 quoted at 7.00/15 per cent, steady from 7.00/10 per cent at the previous day’s end.

A bond maturing on 15.08.2027 was quoted at 7.35/50 per cent, down from 7.40/50 per cent at the previous day’s close.

A bond maturing on 15.05.2030 was quoted at 8.15/50 per cent, up from 8.00/30 per cent at the previous day’s end. (Colombo/March10/2021)

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