ECONOMYNEXT- Sri Lanka’s rupee was quoted at 319.50/320.20 to the US dollar in the spot market on Tuesday, after trades at 319.60/320.00 the previous day, dealers said, while bond yields were broadly steady.
On April 30 inflation reached the mid-point of the central bank’s target of 5 percent. The agency can create more inflation and depreciate the rupee even more, before any corrective action is taken.
Earlier this week the central bank started repo operations mopping up some of the excess liquidity it had built up from buy-sell swaps and dollar purchases.
To debase the rupee the agency allowed excess liquidity of almost 400 billion to remain in the system, almost twice the level before the economic crisis.
Read more
Sri Lanka rupee depreciated below 320 to US dollar as return of high inflation celebratedSri Lanka’s exchange rate depreciation by ‘Political Ravishment’
A bond maturing on 15.06.2029 was quoted at 9.90/10.00 percent.
A bond maturing on 15.05.2030 was quoted at 10.15/20 percent.
A bond maturing on 01.06.2033 was quoted at 11.00/10 percent.
A bond maturing on 15.06.2034 was quoted at 11.15/25 percent, down from 11.20/25 percent.
100,000 million rupees Treasury bills are to be issued through an auction on Wednesday.
The telegraphic transfer rates for the American dollar were 316.3000 buying, 323.3000 selling; the British pound was 426.8498 buying, and 438.2950 selling, and the euro was 367.3118 buying, 378.8516 selling.
On the Colombo Stock Exchange, meanwhile, the All Share Price Index opened down 0.01 percent, or 2.39 points, at 22,695; while the S&P SL20 was down 0.16 percent, or 9.89 points, at 6,244. (Colombo/May5/2026)