Sri Lanka’s rupee ends weaker, gilt yields down
ECONOMYNEXT- Sri Lanka’s rupee closed weaker at 181.30/45 to the US dollar in the spot market on Tuesday from Monday’s closing, while bond yields eased, dealers and brokers said.
The rupee closed at 181.30/35 to the greenback on Monday.
Liquidity in the overnight money market was 28.56 billion rupees, up from 26.69 billion rupees at Monday’s close.
Central Bank injected 9.50 billion rupees at 7.52 percent in an overnight reverse repo auction.
In the secondary bond market, yields fell in moderate trading, dealers said.
Dealers said liquidity centred on the short tenor maturities 2023 and 2024.
Sri Lanka’s debt office is offering 25.5 billion rupees split into 1.5 billion rupees maturing in 3-months, 7.5 billion rupees maturing in 6 months and 16.5 billion rupees maturing in 12-months, in a weekly auction to be held tomorrow.
A bond maturing on 15.12.2021 closed at 8.60/80 percent on Tuesday, down from 8.65/80 percent at Monday’s close.
A bond maturing on 01.09.2023 closed at 9.30/33 percent, declining from its last closing at 9.32/37 percent yesterday.
A bond maturing on 15.09.2024 closed at 9.50/55 percent on Tuesday, falling from 9.55/58 percent.
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A bond maturing on 15.10.2027 closed at 9.70/80 percent today, sliding from 9.72/78 percent on its last closing.
A bond maturing on 15.05.2030 closed at 9.88/98 percent, down from 9.90/10.00 percent at Monday’s close.
A bond maturing on 15.09.2034 closed flat at 10.00/10 percent from its previous close.
Economic Intelligence Unit of the Ceylon Chamber of Commerce
Jehan Perera - Executive Director National Peace Council