Rupee closes around 199/208 levels

COLOMBO: Sri Lanka rupee closed around 199/208 levels to the one-month dollar in a forex market while bond yields remained flat, dealers said in a report carried by Economy Next..

On Tuesday, the rupee closed at 199.90 levels as the rupee was nominally bid from spot-up to around 6-months forward.

Banks were offering dollars telegraphic transfers at 197.8180 buying rate and 201.9480 selling. In the secondary market, bond yields remained unchanged in dull market trade, dealers said.

According to Economy Newx, dealers said the market was on a standstill ahead of Wednesday’s 20 billion rupees bond auction.

At a weekly bills auction held today, 47 billion rupee bills were offered but only 21 billion rupees or 45% of the offered amount was accepted.