Sri Lanka’s rupee was quoted at 309.30/40 to the US dollar in the spot market on Friday, showing a slight appreciation from the previous day’s rate of 309.45/50, according to market dealers. Meanwhile, bond yields on the mid- to long-term end of the yield curve continued to decline.
A bond maturing on June 15, 2029, was quoted at 9.45/50 percent. A bond maturing on September 15, 2029, was quoted at 9.50/55 percent. The yield on a bond maturing on December 15, 2029, decreased to 9.52/58 percent from 9.55/60 percent. A bond maturing on July 1, 2030, was quoted at 9.68/71 percent. The rate for a bond maturing on October 1, 2032, fell to 10.21/24 percent from 10.23/25 percent. A bond maturing on June 1, 2033, was quoted at 10.55/60 percent, down from 10.57/60 percent. Finally, a bond maturing on June 15, 2034, was quoted at 10.77/80 percent, and a bond maturing on June 15, 2035, saw a slight decrease to 10.80/86 percent from 10.82/87 percent.
In terms of telegraphic transfer rates, the American dollar was valued at 305.9500 for buying and 312.9500 for selling. The British pound was quoted at 413.0902 for buying and 424.5818 for selling, while the euro stood at 358.2036 for buying and 369.7516 for selling.
Official data revealed that Sri Lanka’s central bank has sold 356.1 billion rupees in foreign exchange (approximately 1.1 billion US dollars) to the government to repay debt in 2025 through unsterilized reserve sales. Additionally, the central bank has created 530.3 billion rupees of new money by purchasing dollars on a net basis (around 1.7 billion US dollars at an average exchange rate of 301 rupees), effectively monetizing a balance of payments surplus, as indicated in a market operation report for 2025.
On the Colombo Stock Exchange, the All Share Price Index (ASPI) increased by 0.09 percent, or 21.12 points, reaching 23,790. Meanwhile, the S&P SL20 rose by 0.33 percent, or 21.77 points, to 6,624.
(Colombo/Feb6/2026)
