Sri Lanka’s rupee began the week on a weaker note, trading at 309.75/310.20 against the US dollar in the spot market on Monday. This marks a significant depreciation from Friday’s rate of 309.20/25, according to dealers. Meanwhile, bond yields opened higher due to tensions in the Middle East, but renewed buying interest at elevated levels facilitated a recovery.

A bond set to mature on December 15, 2028, was quoted at 9.15/20 percent. The bond maturing on December 15, 2029, saw an increase, quoted at 9.55/60 percent, compared to the previous 9.40/44 percent. Similarly, the bond maturing on March 15, 2031, was quoted at 9.75/80 percent, up from 9.65/70 percent. The bond maturing on October 1, 2032, rose to 10.20/22 percent, up from 10.09/10 percent. Lastly, the bond maturing on June 1, 2033, was quoted at 10.45/55 percent, an increase from 10.33/35 percent.

Regarding telegraphic transfer rates, the US dollar was available at 305.7500 for buying and 312.7500 for selling. The rates for the British pound stood at 408.9449 for buying and 420.3925 for selling. Meanwhile, the euro was buying at 355.2917 and selling at 366.8129.

(Colombo/Mar3/2026)