Sri Lanka rupee closes weaker at 195.50/196 levels to dollar

COLOMBO: Sri Lanka’s rupee closed weaker at 195.50/196 levels to the US dollar in the spot next market on Monday while bond yields edged up slightly, dealers said.

The rupee last closed in the spot market at 194.50/195.50 to the dollar on Thursday, Economy Next reported.

The rupee has fallen from 186.40 in December 2020 to 194.40 to the US dollar in January 2021.

In the secondary market bond yields up slightly while the market remained dull, dealers said.

Meanwhile, Sri Lanka stocks fell 0.51 percent with index heavy Ceylon Tobacco Company, LOLC Holdings and Vallibel One pushing down the index after making strong gains, Colombo Stock Exchange data showed.

Turnover was 1.8 billion rupees with 69 stocks gaining and 88 falling, Economy Next reported.

The Colombo benchmark All Share Price Index fell 38.21 points to close at 7,438.13, Economy Next reported.

The market reached an intraday high at 7,549.09 during the first hour into trading.

The S&P SL20 index of more liquid stocks fell 0.08 percent or 2.33 points to close at 2,964.30.