Sri Lanka rupee quoted wider around 193.00/195.00 levels
ECONOMYNEXT- Sri Lanka rupee quoted steady around 193.00/195.00 levels in the spot market on Monday, while bond yields remained unchanged in dull market trade, dealers said.
The rupee closed wide 193.70/194.25 to the US dollar on Friday.
In the secondary market bond yields remained flat in dull market trade, dealers said.
Market participants said that the market is waiting for a direction after the 400 million dollar currency swap repayment with India.
Sri Lanka repaid a 400 million US dollar swap line from the Reserve Bank of India after six months and to further extend, an agreement with the International Monetary Fund was required.
Sri Lanka originally drew on the swap line on July 31 and it was extended for three months till February 01, at Sri Lanka’s request.
A bond maturing on 15.12.2022 was quoted at 5.42/52 per cent on Monday, down from 5.44/50 per cent at Friday’s close.
A bond maturing on 01.10.2023 was quoted at 5.90/6.00 per cent on Monday, steady from 5.90/97per cent at Friday’s close.
A bond maturing on 01.12.2024 was quoted at 6.45/55 per cent, up from 6.42/47per cent a day earlier.
A bond maturing on 01.05.2025 was quoted at 6.60/80 per cent, up from 6.55/70 per cent.
A bond maturing on 15.08.2027 was quoted at 7.15/30 per cent, up from 7.10/20per cent at the previous day’s close.
A bond maturing on 15.05.2030 was quoted at 7.70/8.05 per cent, up from 7.60/80 percent on Friday. (Colombo/Feb08/2021)