ECONOMYNEXT – Sri Lanka’s rupee bid closes without active quotes in a forex market on Wednesday while gilt yields remain unchanged, market participants said.
Banks were offering dollars’ telegraphic transfers at closed at 197.9103/202.8896 on Wednesday from 197.9283/202.8877 levels on Tuesday.
Sri Lanka’s debt office is offered 51 billion bills in an auction held on June 09.
51 billion rupees was split into 10 billion rupees maturing in 3-months, 23 billion rupees maturing in 6-months and 18 billion rupees maturing in 12-months.
However, it accepted only 31.5 billion rupees after receiving 72.4 billion rupees in bids.
In the secondary market, bond yields were flat, dealers said.
Bonds maturing on 15/12/2022 closed flat at 5.70/80 per cent on Wednesday from Tuesday.
Bonds maturing on 15.11.2023 closed flat at 6.27/33 per cent on Wednesday from Tuesday.
Bonds maturing on 01.12.2024 closed at 6.65/70 per cent on Wednesday from Tuesday.
A bond maturing on 01.05.2025 closed at 6.96/00 per cent on Wednesday, up from 6.65/00 on Tuesday.
A bond maturing on 15.01.2026 closed flat at 7.25/33 per cent on Wednesday.
A bond maturing on 15.08.2027 closed at 7.45/60 per cent on Wednesday, steady from 7.45/55 per cent on Tuesday.