Sri Lanka rupee at 332.25/35 to US dollar spot, bond yields steady

EconomyNext reported that the Sri Lankan rupee was quoted at 332.67/75 to the US dollar in the spot market on Thursday, October 29, compared with 332.52/60 on Wednesday. EconomyNext said the Wednesday rate had weakened from 332.40/50 the day before.

Newswire reported that bank rates for dollars rose from Wednesday at NDB, People’s Bank and Commercial Bank. Seylan Bank and Sampath Bank rates were unchanged. The listed Thursday buying rates ranged from Rs. 326.58 to Rs. 328.50 per dollar, while selling rates ranged from Rs. 336.50 to Rs. 337.30. EconomyNext separately gave telegraphic-transfer rates of Rs. 328.05 buying and Rs. 337.05 selling.

EconomyNext said government bond yields were steady to lower overall, with quoted rates varying by maturity. Yields on bonds maturing in October 2030, February 2031 and December 2031 were lower than the prior quotations; those for August 2030 and March 2031 were flat. The October 2034 bond yield was higher. EconomyNext had reported a Treasury-bill auction of Rs. 100 billion was ongoing on Wednesday.

EconomyNext reported the All Share Price Index rose 0.60 percent, or 120 points, to 20,090 on Thursday, while the S&P SL20 gained 0.66 percent, or 37.37 points, to 5,729. The outlet’s Wednesday figures showed both indexes also advanced that day.