Sri Lanka rupee weaker, bonds dull ahead of auction
ECONOMYNET – Sri Lanka’s rupee was quoted down from 179.65/75 to the US dollar in mid morning trade and bonds markets were dull ahead of a 50 billion rupee auction later in the day, dealers said.
The rupee closed around 179.50/65 to the US dollar in the spot market on Wednesday.
In money markets call money and repo were quoted at 8.95/9.00 percent and repos were quoted around 8.95 bids,
Bond were quiet with no active trading, ahead of an auction of 25 billion rupees each in 2021 and 2026 bonds.
The 15.12.2021 bond which will be auctioned today closed around 11.60/80 percent yesterday.
The 01.08.2026 bond which will be auctioned closed at 12.00/12.10 percent yesterday.
The 12-month Treasuries closed at 11.15/35 percent on Wednesday.
A 3-year bond maturing on 01.03.2021 closed at 11.45/60 percent.
A 5-year bond maturing on 15.05.2023 closed at 11.70/90 percent.
An 8-year bond maturing on 15.06.2027 closed at 11.95/12.15 percent. (Colombo/Dec13/2018 – corrected spot closing Wednesday)