Rupee closes weaker at 194.00/195.50 to US dollar

COLOMBO: Sri Lanka rupee closed weaker around 194.00/195.50 levels in the spot market on Monday, while bond yields remained unchanged in dull market trade, dealers said in a report published in Economy Next.

The rupee closed wide 193.70/194.25 to the US dollar on Friday, the report added.

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

Central Bank announced an issue of 40 billion rupees worth of T-Bills at the upcoming auction that will be held on 10th Feb 2021 while the maximum rate of acceptance for the 1 Yr bill was announced at 5.05 per cent.

According to Economy Next, market participants said that the market is waiting for a direction after the 400 million dollar currency swap repayment with India.

Sri Lanka repaid a 400 million US dollar swap line from the Reserve Bank of India after six months and to further extend, an agreement with the International Monetary Fund was required.