Money & Currencies

Sri Lanka rupee depreciates, bond yields seesaw

Sri Lanka’s rupee opened weaker at 309.75/310.20 to the US dollar in the spot market Monday, depreciating sharply from 309.20/25 on Friday, dealers said, while bond yields opened higher on Middle East tension, but renewed buying interest kicked in at elevated levels driving recovery.

A bond maturing on 15.12.2028 was quoted at 9.15/20 percent.

A bond maturing on 15.12.2029 was quoted at 9.55/60 percent, up from 9.40/44 percent.

A bond maturing on 15.03.2031 was quoted at 9.75/80 percent, up from 9.65/70 percent.

A bond maturing on 01.10.2032 was quoted at 10.20/22 percent, up from 10.09/10 percent.

A bond maturing on 01.06.2033 was quoted at 10.45/55 percent, up from 10.33/35 percent.

The telegraphic transfer rates for the American dollar were 305.7500 buying, 312.7500 selling; the British pound was 408.9449 buying, and 420.3925 selling, and the euro was 355.2917 buying, 366.8129 selling.

Source: Economy Next