ECONOMYNEXT – Sri Lanka’s rupee bid closes without active quotes in a forex market on Thursday while gilt yields eased, 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 army commander has confirmed to media that the travel restriction imposed will be removed from June 14.
Daily cases in the country continue to be over 2,500, forcing non-essential workers to remain indoors.
The island imposed travel restrictions on May 10 for the first time this year after COVID-19 infections spiked in April after a new year celebration that saw people move across the island.
In the secondary market, bond yields were seen to have eased, dealers said.
Short tenor yields were seen to have fallen at least five basis points.
Bonds maturing on 15/12/2022 closed at 5.60/70 per cent on Wednesday, down from 5.70/80 per cent on Wednesday.
Bonds maturing on 15.11.2023 closed at 6.23/28 per cent on Thursday, down from 6.27/33 per cent on Wednesday.
Bonds maturing on 01.12.2024 closed at 6.60/70 per cent, down from 6.65/70 per cent on Wednesday.
A bond maturing on 01.05.2025 closed at 6.90/7.00 per cent on Thursday, down from 6.96/00 per cent on Wednesday.
A bond maturing on 15.01.2026 closed at 7.23/33 per cent on Thursday, down from 7.25/33 per cent on Wednesday.
A bond maturing on 15.08.2027 closed flat at 7.45/60 per cent on Thursday from Wednesday.