Sri Lankan Rupee Strengthens as Bond Yields Remain Stable

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FINANCIAL CHRONICLE – On Thursday, Sri Lanka’s rupee was quoted at 309.58/63 against the US dollar in the spot market, showing a slight improvement from the previous day’s rate of 309.60/67. This comes after recent weeks of depreciation, according to market dealers. Meanwhile, bond yields remained broadly steady compared to the previous close.

The bond market observed the following quotes: a bond maturing on December 15, 2029, was quoted at 9.65/70 percent; a bond maturing on July 1, 2030, was quoted at 9.75/80 percent; and a bond maturing on March 15, 2031, was quoted at 9.90/10.00 percent, slightly down from a previous 9.95/10.00 percent.

Additionally, a bond maturing on December 15, 2032, was quoted at 10.28/38 percent, while a bond maturing on June 1, 2033, was quoted at 10.65/75 percent. A bond set to mature on June 15, 2035, was quoted at 10.95/11.05 percent, compared to the prior 10.95/11.02 percent.

Furthermore, an auction of 205 billion rupees worth of treasury bonds was underway. (Colombo/Jan29/2026)


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