Sri Lankan Rupee Remains Stable as Bond Yields Hold Steady

According to recent reports, the Sri Lankan rupee was trading at 319.20/320.00 against the US dollar in the spot market on Monday. This follows transactions that occurred last Thursday at a rate of 319.75/320.00, as noted by market dealers. Additionally, bond yields remained relatively stable throughout the yield curve.

A bond set to mature on December 15, 2028, was priced at 9.75/85 percent, an increase from the previous rate of 9.75/83 percent. For the bond maturing on December 15, 2029, the quoted rate was 9.95/10.05 percent. Meanwhile, a bond maturing on July 1, 2030, saw a slight decrease, quoted at 10.15/20 percent, down from the earlier figure of 10.17/20 percent. The bond maturing on December 15, 2032, was listed at 10.80/90 percent, and the bond due on November 1, 2033, was quoted at 10.95/11.05 percent, marking an increase from the earlier rate of 10.95/11.00 percent.

In terms of telegraphic transfer rates, the buying rate for the US dollar was set at 316.3000, while the selling rate was 323.3000. For the British pound, the buying rate was 428.8485 and the selling rate was 440.2937. The euro had a buying rate of 368.5910 and a selling rate of 380.1308.

Sri Lanka Digital Media Network

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On the Colombo Stock Exchange, the All Share Price Index experienced a modest increase of 0.41 percent, translating to a gain of 92.06 points, bringing it to a total of 22,641.59. Similarly, the S&P SL20 index rose by 0.53 percent, equivalent to 33.07 points, reaching 6,240.63.