Sri Lanka Rupee Weakens Slightly as Bond Yields Hold Steady

Sri Lanka’s rupee weakened marginally against the US dollar in the spot market on Tuesday, while government bond yields remained largely stable, market dealers said.

The rupee was quoted at 328.30/40 against the US dollar, compared with 328.25/30 on the previous day.

Among government securities, the bond maturing on February 15, 2028, was quoted unchanged at 10.00/10.00 percent.

The bond maturing on December 15, 2029, was quoted at 10.45/55 percent, compared with 10.50/55 percent previously.

The August 1, 2030 bond remained unchanged at 10.75/80 percent, while the October 15, 2030 bond was quoted at 10.80/85 percent. The February 1, 2031 bond was quoted at 10.85/95 percent.

The December 15, 2032 bond was quoted at 11.15/30 percent, while the January 15, 2033 bond stood at 11.32/35 percent.

The June 1, 2033 bond was quoted at 11.60/65 percent, and the November 1, 2033 bond remained unchanged at 11.60/70 percent.

The October 15, 2034 bond was quoted at 11.77/83 percent, compared with 11.75/83 percent previously.

Meanwhile, the August 15, 2036 bond was quoted at 11.85/93 percent, down slightly from 11.85/95 percent.

According to telegraphic transfer rates, the US dollar was quoted at 323.95 for buying and 332.95 for selling.

The euro was quoted at 374.3312 for buying and 388.1120 for selling, while the pound sterling stood at 437.6639 for buying and 451.7723 for selling.

On the Colombo Stock Exchange, the All Share Price Index gained 0.16 percent, or 34.47 points, to close at 21,658.

The S&P SL20 index also rose 0.22 percent, or 13.37 points, to reach 6,079.

Meanwhile, an auction of Treasury bills worth a total of 80,000 million rupees is scheduled to be held on Wednesday.