Sri Lanka rupee at 335.00/40 to US dollar spot edged slightly stronger in the spot market on Monday, while Sri Lanka bond yields remained broadly unchanged, reflecting a stable trading session in the country’s currency and government securities markets.
Sri Lanka rupee at 335.00/40 to US dollar spot as bond yields remain broadly steady
The Sri Lankan rupee was quoted at 335.00/40 against the US dollar in the spot market on Monday, improving marginally from Friday’s closing level of 335.20/35, according to market dealers. The modest appreciation indicated continued stability in the local foreign exchange market as trading activity remained relatively subdued.
Market participants said the movement in the currency was limited, with the rupee maintaining a narrow trading range against the US dollar amid balanced demand and supply conditions. Dealers noted that sentiment in the foreign exchange market remained largely unchanged as investors continued to monitor domestic liquidity conditions and global currency developments.
According to the latest Sri Lanka exchange rates, the telegraphic transfer (TT) buying rate for the US dollar stood at 330.75 rupees, while the selling rate was quoted at 339.75 rupees.
Other major currencies also traded at the following TT rates. The euro was quoted at 375.4943 buying and 389.4113 selling, while the British pound traded at 440.2150 buying and 454.2606 selling. These exchange rates continue to provide an indication of pricing in Sri Lanka’s banking sector for international currency transactions.
Meanwhile, activity in the government securities market remained relatively steady, with Sri Lanka bond yields showing only minor movements across the yield curve.
The government bond maturing on 15 December 2029 was quoted unchanged at 10.95/11.00 percent, while the 1 March 2030 maturity also remained flat at around 11.00/11.10 percent.
The bond maturing on 1 August 2030 was quoted at 11.20/11.28 percent, compared with 11.23/11.25 percent in the previous session, reflecting a slight easing in yields.
Similarly, the 15 October 2030 government bond remained broadly unchanged at 11.25/11.30 percent, indicating stable investor demand for medium-term government securities.
Further along the yield curve, the bond maturing on 15 December 2032 was quoted flat at 11.50/11.60 percent, while the 1 November 2033 maturity was quoted at 11.60/11.68 percent, compared with 11.60/11.70 percent previously.
The longest-dated bond in the session, maturing on 15 June 2034, was quoted at 11.65/11.70 percent, slightly lower than the previous day’s 11.65/11.72 percent, suggesting a marginal improvement in investor appetite for longer-term government debt.
Overall, the trading session reflected continued stability across Sri Lanka’s financial markets. The slight strengthening of the rupee against the US dollar, together with largely unchanged government bond yields, indicated that investors remained cautious but confident amid prevailing domestic economic conditions.
Currency dealers said market participants are expected to continue monitoring movements in Sri Lanka exchange rates, liquidity conditions and global financial trends for further direction in the coming trading sessions. While the rupee recorded a modest gain during the day, the overall market remained calm, with no significant shifts in investor sentiment observed in either the foreign exchange or government bond markets.
As trading continues this week, attention is likely to remain on currency flows, demand for government securities and broader macroeconomic developments that could influence both the exchange rate and bond market performance.