ECONOMYNEXT – Sri Lanka’s rupee closed around 275/290 to the US dollar, with a clean float of the rupee yet to be established, while dealers aid bond yields eased marginally.
Commercial banks were offering telegraphic transfer dollars for 275 rupees and buying from customers at 265 rupees.
The indicative rate for the US dollar quoted by the central bank was Rs.267.
In debt markets, a bond maturing on 01/08/2024 closed at 14.40/70 percent on Wednesday (16), down from 14.75/85 percent, on Tuesday.
A bond maturing on 15/06/27 closed at 14.75/15.05 percent on Wednesday, down from 15.00/15 on Tuesday.
The three months’ bill closed at 10.70/11.20 percent on Wednesday.
Dealers said all other bonds were inactive.
The average buying rate for telegraphic transfers at banks was 264.6677 and the selling rate was 274.9979.
The central bank’s indicative spot rate on Wednesday (16) was 267.8621 up from 263.33. (Colombo/March 16/2022)
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