Rupee weakens slightly against US Dollar

Daily Mirror reports that the Central Bank of Sri Lanka recorded a slight weakening of the rupee against the US dollar on the 12th compared with Wednesday, with both quoted rates rising. Newswire likewise reports a slight depreciation on the 12th, but its teaser does not provide the rates.

Newswire reports that on the 13th, compared with Thursday, the Central Bank’s dollar buying rate rose from Rs. 327.91 to Rs. 328.05, while its selling rate rose from Rs. 336.82 to Rs. 337.05. Newswire also reports a slight change in the rupee against a basket of currencies, including Gulf currencies.

Newswire reports that commercial-bank rates on the 13th were unchanged at Seylan Bank, at Rs. 328.15 buying and Rs. 337.40 selling, and at NDB Bank, at Rs. 327.80 buying and Rs. 336.80 selling. It reports increases at People’s Bank to Rs. 328.40 buying and Rs. 336.54 selling, Commercial Bank to Rs. 326.58 and Rs. 336.50, and Sampath Bank to Rs. 328.50 and Rs. 336.50. Newswire’s headline characterises the overall bank-market movement as slight depreciation, although its teaser says the selling rate was steady at Rs. 336.

EconomyNext reports that the rupee was quoted at Rs. 332.50/60 against the dollar in the spot market on Friday, describing it as flat. EconomyNext also reports an update quoting Rs. 332.40/50 and another close at Rs. 332.37/42. Its reports mention government-bond yields moving slightly higher in one update, while another says yields closed lower and a further update describes them as steady or lower on selected maturities.