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Wednesday October 5th, 2022

Sri Lanka’s rupee guidance peg edges down; yields in govt securities pick up

ECONOMYNEXT – A guidance peg for interbank transactions announced by Sri Lanka’s central bank weakened by another 8 cents while yields in Sri Lanka Treasury Bills and T-Bond rose in dull trade on Tuesday (12) after the weekly bond auction, dealers said.

A bond maturing on 01. 06. 2025 closed at 28.30/29.00 percent, up from Monday’s close of 28.00/28.15 percent.

A bond maturing on 01.06.2032 closed 29.55/30.00 percent on Tuesday.
At the bond auction on Tuesday the debt office offered 75 billion rupees worth of bonds but only sold 48.7 billion rupees.
Sri Lanka’s central bank announced a guidance peg for interbank transactions weakened by 8 cents to 362.28 rupees against the US dollar on Friday from 362.20 rupees.
Data showed that commercial banks offered dollars for telegraphic transfers between 369.28 and 370.00 for small transactions.

Banks offered to buy inward remittances at 359.29 -360.00 rupees. (Colombo/Sep13/2022)

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