mainadimage
An Echelon Media Company
Sunday September 19th, 2021
Bonds & Forex

Sri Lanka rupee remains inactive in forex market

ECONOMYNEXT – Sri Lanka’s rupee remains inactive in the forex market on Thursday while some short-maturity bond yields picked up, market participants said.

Sri Lanka markets were closed on Wednesday for the Eid-ul-Adha Muslim festival.

Sri Lanka’s interbank forex markets are not allowed to deal above 200 to the US dollar and import customers are not allowed to be given dollars above 203 to the US dollar in curbs announced after money printing triggered forex shortages.

The central bank’s indicative spot rate was 199.9000 on July 22, down from 199.9019 on July 20.

The buying rate for telegraphic transfers was 197.9223 and the selling rate was at 202.8977 on Thursday.

In bond markets, short tenor gilt yields edged up while the long tenors remained unchanged.

A 2-year bond maturing on 15.12.2022 closed at 5.75/95 percent on Thursday, up from 5.68/78 on Tuesday.

A bond maturing on 15.01.2023 closed at 5.75/85 percent on Thursday up from 5.73/83 percent at Tuesday’s closing.

A bond maturing on 15.09.2024 closed at 6.68/78 percent on Thursday up from 6.64/70 on Tuesday.

A bond maturing on 01.02.2026 closed at 7.35/45 percent unchanged from Tuesday.

A bond maturing on 15.08.2027 unchanged at 7.55/80 percent from the last closing.

A 10-year bond maturing on 15.05.2030 closed at 8.25/50 percent unchanged from Thursday.(Colombo/July22/2021)

Tags:

Leave a Comment

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *

Comments

Leave a Comment

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *