Sri Lanka rupee at 332.55/65 to US dollar spot, bond yields drop

Daily Mirror and Newswire report that the Sri Lankan rupee appreciated slightly against the US dollar on Thursday, November 5, compared with Wednesday. Daily Mirror says both the dollar’s buying and selling rates fell from the previous day; Newswire also reports a small appreciation across commercial banks.

EconomyNext reports the rupee closed at 332.45/55 to the dollar in the spot market on Thursday, stronger than Wednesday’s 332.75/80. The outlet says bond yields fell on Thursday, with reported declines across maturities from 2027 to 2036.

EconomyNext reports that on Friday, November 6, the spot quote was 332.60/65, weaker than Thursday’s 332.45/55. Dealers also reported slight increases in yields on several government bonds, including those maturing in 2030, 2032, 2033, 2034 and 2036.

EconomyNext reports Friday’s dollar telegraphic-transfer rate at 328.00 buying and 337.00 selling. It also reports the Colombo Stock Exchange’s All Share Price Index fell 0.43% to 21,037, while the S&P SL20 rose 0.40% to 6,005. The outlet said the Central Bank had reported a 6.8% year-to-date rupee depreciation by the end of October.

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.