Thursday March 25, 2021
ECONOMYNEXT – Sri Lanka’s rupee quoted steady at 199.00/200 to the one week US dollar on Thursday while yields are flat in dull market, dealers said.
The rupee last closed in the one-week forward market at 199.50/200.50 to the US dollar on Wednesday.
Sri Lanka’s trade minister Bandula Gunewardene told parliament this week that the rupee exchange rate is controlled at 200 levels with great difficulty and if allowed it could hit 300-350 levels given past trends.
However, he did not give a timeline of 350 rupees.
In the secondary market bond yields are flat in dull market trade, dealers said.
A bond maturing on 15.12.2022 was quoted at 5.80/90 per cent on Thursday, steady from 5.80/85 per cent on Wednesday.
A bond maturing on 15.11.2023 was quoted flat at 6.25/35 per cent on Thursday.
A bond maturing on 01.12.2024 was quoted at 6.67/72 per cent on Thursday, up from 6.63/70 per cent.
A bond maturing on 01.05.2025 was quoted at 6.80/95 per cent, up from 6.75/95 per cent.
A bond maturing on 15.02.2026 was quoted at 7.05/15 per cent, up from 7.02/10 per cent.
A bond maturing on 15.08.2027 was quoted at 7.50/70 per cent, up from 7.40/55 per cent on the previous day.
A bond maturing on 01.05.2029 was quoted at 7.90/20 per cent on Thursday, down from 8.00/20 per cent.
A bond maturing on 15.05.2030 was quoted at 8.00/40 per cent on Thursday, steady from 8.00/30 per cent. (Colombo/March25/2021)