FINANCIAL CHRONICLE – On Tuesday, Sri Lanka’s currency, the rupee, was valued at 333.00/334.00 against the US dollar in the spot market, showing a slight improvement from the previous day’s rate of 333.00/334.50. In the secondary market, bond yields continued their upward trend, resulting in a decrease in rates, according to market dealers.
The telegraphic transfer rates for the Sri Lankan rupee were set at 329.00 for buying and 338.00 for selling against the US dollar. For the euro, the rates were 378.7135 for selling and 392.6305 for buying, while the pound was quoted at 439.9314 for buying and 453.9770 for selling.
Currently, a bond due on December 15, 2029, is priced at 11.10/25 percent. Another bond maturing on May 15, 2030, has been quoted at 11.35/45 percent, down from an earlier rate of 11.50/60 percent. Additionally, a bond maturing on August 1, 2030, is quoted at 11.40/45 percent. A bond set to mature on December 15, 2032, is listed at 11.60/67 percent, which is a decrease from the previous rate of 11.70/80 percent. Lastly, the bond maturing on January 15, 2033, is quoted at 11.71/77 percent.
On Wednesday, an auction for treasury bills amounting to 701 billion rupees is planned. The Colombo Stock Exchange experienced a positive opening, with the All Share Price Index (ASPI) rising by 0.78 percent or 175.27 points to reach 22,555.92. The S&P SL20 index also saw an increase of 0.79 percent, or 49.15 points, bringing it to 6,268.68.
