Category: Markets
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Sri Lanka rupee trading weaker, bond yields steady
On Wednesday, the Sri Lankan rupee was quoted weaker at 310.10/20 against the US dollar in the spot market, compared to the previous day’s rate of 310.00/10, according to market dealers. Meanwhile, bond yields remained largely stable at the market’s opening. Analysts have cautioned the central bank against depreciating the rupee by excessively purchasing dollars