Dollar rate today: Sri Lankan Rupee steady against USD

EconomyNext reported that on Friday, October 16, dealers quoted the rupee at 331.15/25 against the US dollar in spot trading. That compares with 331.20/30 on Thursday, indicating a slight strengthening between the two reported sessions. Friday’s telegraphic-transfer rates were 326.70 buying and 335.70 selling for the dollar; 363.6850 and 377.4658 for the euro; and 432.5942 and 446.7026 for sterling.

Government bond yields were described by EconomyNext as broadly stable. Quotes included 10.60/70% for a bond due in October 2028, 10.95/11.05% for June 2029 and 12.20/30% for October 2034. Rates edged up for the October 2030, December 2031 and December 2032 maturities; the January 2033 quote declined from the prior day.

Colombo’s All Share Price Index rose 111.97 points, or 0.56%, to 20,083 on Friday, while the S&P SL20 added 35.68 points, or 0.63%, reaching 5,734, EconomyNext reported. Its Thursday report gave the indexes at 19,889.28 and 5,693.36, respectively, and described them as higher at the market open.

EconomyNext’s Thursday market report also recorded turnover of 494.54 million rupees, with the banking sector contributing the largest share, at 95.89 million rupees. It said Pan Asia Banking Corporation debentures were listed: a three-year issue with a 12.75% fixed annual coupon and a five-year issue at 13.50%, with interest paid yearly. Union Assurance and Nations Trust Bank renewed their bancassurance distribution partnership. Lanka Credit and Business Finance announced an interim dividend of 0.2 rupees per share, while PMF Finance was penalised for delayed disclosures related to share purchases by a director.

Newswire headlines dated October 13, 14 and 15 characterized the rupee as weakening against the dollar, including reports referring to commercial-bank rates. The supplied Newswire text contains no actual exchange-rate figures, so its accounts cannot be compared numerically with EconomyNext’s spot quotes. The reports did not specify further steps for the currency or markets.

Written automatically by AI from the outlets’ own reports, and not reviewed by an editor. It can be wrong — the original report is the authority.