Sri Lanka rupee closes at 331.60/70 to US dollar spot, bond yields recover

EconomyNext reports that Sri Lanka’s rupee closed at 332.20/35 per US dollar in the spot market on Thursday, October 22, compared with 331.90/332.05 the previous day. Newswire separately reports that the currency weakened against the dollar across commercial banks on October 22.

EconomyNext reports that government bond yields were unchanged to higher at the close on selected maturities. The yield on a bond maturing in September 2029 held at 11.05/15 percent; those on bonds due in August and October 2030 rose to 11.55/60 and 11.60/70 percent, respectively. The December 2031 bond rose to 11.90/12.00 percent, the January 2033 bond to 12.20/25 percent, and the October 2034 bond to 12.40/50 percent.

In an earlier Thursday market update, EconomyNext quoted the spot rate at 332.11/20 and described the rupee as weaker than Wednesday. That report showed differing movements among selected bond yields: the December 2031 bond was lower at 11.73/78 percent, while the January 2033 and October 2034 yields were higher at 12.15/22 and 12.35/45 percent. It also listed telegraphic-transfer rates of 327.50 buying and 336.50 selling for the US dollar, and reported the Colombo Stock Exchange’s All Share Price Index down 0.11 percent and the S&P SL20 up 0.17 percent.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.