Sri Lanka rupee closes at 332.40/50 to US dollar spot, bond yields edge up

Daily Mirror and Newswire reported that the Sri Lankan rupee weakened against the US dollar on the 29th. Daily Mirror said the Central Bank of Sri Lanka’s dollar selling rate rose to Rs. 337.13; Newswire also described further depreciation across commercial banks and in the Central Bank’s rates.

Newswire reported that on the 30th the rupee was steady against the dollar compared with Thursday, with selling rates at most banks around Rs. 336. Its bank figures showed selling rates of Rs. 337.50 at Seylan Bank, Rs. 337.00 at NDB Bank, Rs. 336.70 at People’s Bank, and Rs. 336.50 at Commercial Bank and Sampath Bank. The outlet said most rates were unchanged; People’s Bank’s buying and selling rates rose slightly to Rs. 328.55 and Rs. 336.70.

EconomyNext reported a Thursday spot quotation of 332.67/75 rupees to the dollar and said bond yields were steady to lower. It also listed a bond maturing on 1 August 2030 at 11.55/60 percent. Separately, EconomyNext reported an earlier spot quotation of 332.52/60 while a Treasury-bill auction of Rs. 100 billion was under way, and a closing rate of 332.40/50 with yields slightly higher.

For the 28th, Newswire reported rupee depreciation against the dollar, while EconomyNext reported the spot rate at 332.40/50 at the close. The reports provide a sequence of rate updates across the 28th, 29th and 30th; they do not give a broader explanation for the exchange-rate movement.

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.