Sri Lanka rupee guidance peg down: dull trade in bonds

- economynext.com

ECONOMYNEXT – A Sri Lankan rupee guidance peg fell 14 cents, while bond markets continued to remain dull on Tuesday with a few maturities being quoted ahead of the bill auction, dealers said.

On Monday market went dull in the wake of President Ranil Wickremesinghe’s comments on Friday over possible rupee bond restructuring.

A bond maturing on 01.06.2025 closed at 28.25/29.25 percent on Tuesday, hardly changed form the previous day, while the yields in 3 month T-bill closed at 26.00/27.00 on Tuesday steady from 26.50/27.00 on the previous close.

The 12 month bill closed at 28.25/29.00 percent steady from previous close at 28.00/29.00 percent.

A guidance peg announced by Sri Lanka’s central bank for interbank transactions weakened by 14 cents to 360.94 rupees against the US dollar on Tuesday from 360.80 rupees on Monday.

Commercial banks offered dollars for telegraphic transfers at rates between 367.94 and 370.00 for small transactions, data showed. (Colombo/ Aug 09/2022)

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