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Sri Lankan Rupee Steady as Short-Term Bond Yields Decline

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FINANCIAL CHRONICLE – On Wednesday, the Sri Lankan rupee was quoted at 309.65/80 against the US dollar in the spot market, remaining relatively stable from the previous day’s quote of 309.65/75. The currency has shown depreciation in recent weeks, according to dealers. Meanwhile, bond yields experienced a decline on shorter tenors following the central bank’s decision to keep the Overnight Policy Rate (OPR) unchanged.

A bond maturing on December 15, 2026, was quoted at 8.25/35 percent, an increase from the previous 8.20/30 percent. The bond maturing on February 15, 2028, saw a decrease, quoted at 8.97/9.03 percent, down from 9.00/08 percent. The bond with a maturity date of October 15, 2029, was quoted at 9.60/65 percent.

The bond maturing on March 1, 2030, was quoted at 9.70/72 percent, slightly down from 9.70/73 percent. A bond maturing on March 15, 2031, was quoted at 9.95/10.00 percent. The bond maturing on December 15, 2032, was quoted at 10.30/35 percent. Additionally, the bond maturing on June 15, 2035, remained flat at 10.95/11.00 percent.

Currently, an auction of 125 billion rupees in Treasury bills is underway. Furthermore, 205 billion rupees in Treasury bonds are scheduled to be issued on Thursday, January 29, 2026.


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