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Sri Lanka rupee stronger in sporadic spot trades amid intervention Tuesday

ECONOMYNEXT – Sri Lanka ‘s rupee traded around 192.70 or stronger Tuesday against the green back in sporadic spot trades amid interventions and the one week forward rate was steady, dealer said while bond yields fell.

The one week closed at 193.50/194.00 dealers said.
Sri Lanka’s rupee saw trades in the spot market around 194.00 to the US dollar in intra-day trades Monday, while one weeks’ were also quoted around the same levels, dealers said.

Liquidity in the overnight money market was 152.67 billion rupees on Tuesday up from 151.11 billion rupees.

Banks deposited 152.67 billion rupees in central bank’s excess liquidity window.

In the secondary bond markets, gilt yields fell amidst active trade with high liquidity seen in 2024 maturities, dealers said.

A bond maturing on 15.12.2021 closed at 7.30/45 percent down from 7.45/60 percent on Monday.

A 2-year bond maturing on 01.10.2022 closed at 7.90/92 percent down from 7.95/8.05 percent, on the Monday’s close.

A bond maturing on 01.09.2023 closed at 8.15/25 percent down from 8.25/35 percent.

A bond maturing on 15.09.2024 was quoted at 8.60/62 percent on Tuesday easing from 8.65/70 percent.

A bond maturing on 15.10.2027 was quoted at 8.90/92 percent down from 8.95/9.00 percent at Monday’s close. (Colombo/Apr28/2020)

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