Category: Markets
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Sri Lanka rupee weaker, bond yields steady
On Monday, Sri Lanka’s rupee was quoted at 309.85/92 against the US dollar in the spot market, marking a slight depreciation from Friday’s rate of 309.75/85, according to dealers. Despite this weakening, bond yields remained relatively steady. Last year, the rupee had weakened from 293.25/75 to the US dollar, despite experiencing record current account surpluses