CBSL rates: Sri Lankan rupee depreciates slightly against USD

EconomyNext, citing dealers, reported that the rupee’s Friday spot-market quote was 331.15/25 per US dollar, unchanged. Its telegraphic-transfer figures were 326.70 rupees to buy and 335.70 to sell a dollar; the euro rates were 363.6850 and 377.4658, and the pound rates were 432.5942 and 446.7026.

Newswire said commercial-bank dollar selling prices were between 335 and 336.20 rupees. Seylan listed buying and selling rates of 326.95 and 336.20, unchanged from Thursday. People’s Bank’s rates held at 327.07 and 335.18, while Commercial Bank’s remained 325.09 and 335.00. NDB lowered both rates by five cents, to 326.60 and 335.60; Sampath reduced them by 25 cents, to 327.00 and 335.00.

Colombo Stock Exchange indices moved higher on Friday, according to EconomyNext. The All Share Price Index added 111.97 points, or 0.56%, to reach 20,083; the S&P SL20 gained 35.68 points, or 0.63%, to 5,734.

Bond quotes varied by maturity. EconomyNext gave unchanged rates of 10.60/70% for the bond due in 2028, 10.95/11.05% for 2029, and 12.20/30% for 2034. The 2030 quote edged up from 11.40/45% to 11.41/45%; the 2031 and 2032 quotes also rose slightly. The 2033 quote moved down from 11.95/12.00% to 11.85/95%.

As background, EconomyNext reported that the exchange had opened higher on Thursday, with the All Share index up 0.47% at 19,889.28 and the S&P SL20 up 0.30% at 5,693.36. Turnover was 494.54 million rupees, of which the Banks industry group accounted for 95.89 million. The report also noted the listing of Pan Asia Banking Corporation debentures: a three-year issue with a 12.75% annual coupon and a five-year issue at 13.50%, with interest paid annually. It reported that Union Assurance and Nations Trust Bank renewed their bancassurance partnership, Lanka Credit and Business Finance declared an interim dividend of 0.2 rupees per share, and PMF Finance received a penalty over delayed disclosures concerning share acquisitions by a director.

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.