Sri Lanka rupee closes firmer at 185.70/186 to US dollar

COLOMBO: Sri Lanka rupee closed firmer at 185.70/186.00 to the US dollar on Wednesday in the spot market while yields were flat in dull market trade even after today’s Treasury bills auction, dealers said in a report published in Economy Next.

The rupee closed at 186.50/70 to the US dollar on Tuesday against the US dollar.

In the secondary securities market, bond yields remained unchanged in dull market trade despite the bills auction, dealers said in the Economy Next report.

“Despite the weekly bill auction held today, the secondary bond market witnessed ultra-thin volumes while trades were recorded on 15.10.27 maturity at 7.15 per cent levels and 01.07.28 at 7.25 per cent,” FirstCapital Market Research said.

Sri Lanka’s debt office is offered 40 billion rupees worth Treasury bills to be auctioned this week.

The bills were split in to 8.5 billion rupees maturing in 3-months, 12.5 billion rupees maturing in 6-months and 19 billion rupees maturing in 12-months