No spot fx market for Sri Lanka rupee; bond yields steady

No active spot quote was available for Sri Lanka’s rupee on Friday, but the spot next was stated as 318.25/319.00 to the US dollar compared to 316.75/317.00 the previous day, dealers said. Meanwhile bond yields were broadly steady.

Sri Lanka’s forex markets are hamstrung with moral suasion with no active spot quotes, market participants said, replicating conditions seen in past episodes of currency trouble after credit driven by central bank re-finance.

Sri Lanka rupee falls, no spot fx market, after money printed through swaps

A bond maturing on 15.12.2026 closed at 8.65/75 percent, up from 8.60/75 percent.

A bond maturing on 01.05.2027 closed at 8.85/95 percent, up from 8.85/90 percent.

A bond maturing on 01.07.2028 closed at 9.70/80 percent, down from 9.75/78 percent.

A bond maturing on 15.10.2029 closed at 9.95/10.00 percent, down from 9.95/10.05 percent.

A bond maturing on 15.12.2029 closed flat at 10.00/05 percent.

A bond maturing on 01.07.2030 closed at 10.15/20 percent, up from 10.12/18 percent.

A bond maturing on 15.12.2032 closed at 10.75/85 percent, down from 10.70/90 percent.

A bond maturing on 01.11.2033 closed flat at 10.95/11.00 percent.

Source: Economy Next