The Sri Lanka rupee opened weaker against the US dollar on Friday, signaling slight volatility in the foreign exchange market. Meanwhile, government bond yields remained largely stable, reflecting investor caution.
Sri Lanka rupee dips slightly as bond yields remain steady amid market trading.
The Sri Lanka rupee opened at 302.60/63 against the US dollar, a slight decline from Thursday’s 302.50/55 levels. Market analysts noted that the modest drop indicates ongoing pressure on the local currency amid global economic fluctuations.
Bond yields in Sri Lanka showed mixed but generally steady trends. A bond maturing on 15.12.2026 was quoted at 8.25/30 percent, slightly lower than the previous 8.25/32 percent. Similarly, the bond maturing on 15.09.2027 declined to 8.70/80 percent from 8.70/82 percent, while the 15.12.2028 bond remained flat at 9.10/15 percent. Longer-term bonds experienced minor adjustments, with the 15.12.2029 bond rising to 9.50/60 percent and the 15.12.2032 bond up to 10.45/50 percent.
Telegraphic transfer rates showed the US dollar trading at 299.00 buying and 306.00 selling, while the British pound was quoted at 397.90 buying and 409.26 selling. The euro rates stood at 346.60 buying and 357.96 selling. These figures indicate a steady but cautious currency market environment in Sri Lanka.
On the equity front, the Colombo Stock Exchange maintained positive momentum. The All Share Price Index (ASPI) gained 34.59 points, or 0.16 percent, closing at 21,555. Meanwhile, the S&P SL20 index rose 5.16 points, or 0.08 percent, to reach 6,107, signaling investor confidence despite the currency dip.
Market observers suggest that the Sri Lanka rupee may face continued volatility in the near term, influenced by both domestic economic factors and global currency trends. Investors are advised to monitor bond yields and forex movements closely for strategic decision-making.