The Sri Lankan rupee concluded trading in the spot market on Monday at 309.95/310.05 against the US dollar, showing a slight decline from Friday’s closing rate of 309.75/85, according to market dealers. Concurrently, bond yields experienced a marginal increase.
The bond maturing on December 15, 2026, closed at a yield of 8.50/60 percent, compared to the previous 8.40/70 percent. Similarly, the bond maturing on September 15, 2027, ended at 8.95/9.05 percent, slightly up from 8.95/9.00 percent.
The bond due on July 1, 2028, closed at 9.20/25 percent. Meanwhile, the bond maturing on December 15, 2029, closed with yields at 9.73/75 percent, a slight change from 9.72/77 percent. The bond set to mature on July 1, 2030, saw yields close at 9.77/81 percent, a minor increase from 9.75/80 percent.
Furthermore, the bond maturing on November 1, 2033, closed at 10.50/52 percent, compared to the previous 10.45/55 percent.
Over the past year, the rupee has weakened from 293.25/75 against the US dollar, despite record current account surpluses and improvements in the budget, which challenge the usual explanations provided by macro-economists for depreciating currencies.
(Colombo/Jan5/2026)
