Sri Lanka rupee weaker, bond yields steady

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Sri Lanka’s rupee was quoted at 309.45/50 to the US dollar in the spot market on Tuesday, marking a slight depreciation from the previous day’s rate of 309.25/35, according to dealers. Government bond yields remained broadly steady across most maturities.

The bond maturing on February 15, 2028, was quoted at 8.95/9.00 percent, marginally lower than the previous 8.97/9.00 percent. The bond maturing on May 1, 2028, was quoted at 9.00/05 percent. The bond maturing on September 15, 2029, was quoted at 9.49/50 percent, while the bond maturing on March 15, 2031, was quoted at 9.85/95 percent. The bond maturing on October 1, 2032, was quoted at 10.23/28 percent, slightly up from the previous 10.22/26 percent. The bond maturing on November 1, 2033, stood at 10.40/45 percent.

Telegraphic transfer rates for the US dollar were 305.7500 for buying and 312.7500 for selling. For the British pound, the rates were 407.5969 for buying and 418.9587 for selling, while the euro was quoted at 356.9951 for buying and 368.3583 for selling.

The rupee has depreciated from 293.10/30 to 308.15/40 over the course of 2025, amid record current account deficits and sharply reduced budget deficits as higher taxes were implemented.

On the Colombo Stock Exchange, indices continued their upward trend. The All Share Price Index (ASPI) rose by 0.15 percent, or 33.93 points, to reach 22,328. The S&P SL20 index increased by 0.44 percent, or 26.49 points, to close at 6,078.

An auction of Treasury bills amounting to 48,000 million rupees is scheduled for December 17.


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