Sri Lanka rupee closes weaker at 187.20/70 to US dollar

COLOMBO: Sri Lanka rupee closed weaker at 187.20/70 to the US dollar on Monday in the spot-next market while yields remained steady in dull market trade after the bond auction, dealers said in a report carried by Economy Next.

The rupee closed at 186.50/00 to the US dollar on Friday against the US dollar, Economy Next reported,

In the secondary securities market, bond yields remained steady in dull market trade, dealers said.

“Fresh week of trading witnessed limited activities and thin volumes. Short tenor maturities 15.03.23 traded at 5.85 per cent, 01.01.24 traded at 6.15 per cent and 01.12.24 traded at 6.45 per cent, in addition, 01.08.26 traded at 7.00 per cent,” FirstCapital Research said.

A 2-year bond maturing on 15.12.2022 closed at 5.68/73 per cent on Monday, down from 5.67/75 per cent at Friday’s closing.

A bond maturing on 15.01.2023 closed flat at 5.73/77 per cent on Monday from Friday’s end.