The Sri Lanka rupee opened at 302.45/55 to the US dollar on Friday as bond yields were broadly steady and equity indices in Colombo ticked higher, market dealers said.
Sri Lanka rupee opens at 302.45/55 to the dollar as bond yields remain largely unchanged and stocks tick higher
The Sri Lanka rupee remained flat on Friday, opening at 302.45/55 against the US dollar compared with 302.46/52 a day earlier, reflecting a quiet session in foreign exchange markets. Dealers said market activity was moderate and that the limited movement in the Sri Lanka rupee coincided with broadly steady yields across government debt maturities.
Secondary market quotes showed a range of yield levels for near- and medium-term bonds. A bond maturing on 15 February 2028 was quoted at about 9.00/10 percent, while the 15 October 2028 issue traded around 9.20/25 percent. Medium-dated securities also displayed limited volatility: the 15 June 2029 paper quoted near 9.55/65 percent and the 15 December 2029 issue at roughly 9.68/75 percent. Market participants noted the 1 July 2030 bond was quoted at approximately 9.73/80 percent, a slight change from the previous session’s quote, and the longer-dated 15 December 2032 and 1 November 2033 bonds were priced near 10.45/60 percent and 10.70/80 percent respectively.
In the foreign exchange telegraphic transfer window, dealers reported the dollar’s buying and selling rates around 299.00 and 306.00 respectively. The British pound was quoted in the 401/412 range and the euro in the 348/360 range on the selling side, pointing to steady demand and supply dynamics in the short term.
Equity markets traded in positive territory with the Colombo Stock Exchange’s All Share Price Index (ASPI) rising 0.26 percent — an increase of 57.75 points to 22,009 — while the S&P SL20 benchmark gained 16.01 points, closing at 6,164. Analysts said the modest stock gains mirrored the subdued movement seen in currency and bond markets and reflected selective buying across key sectors.
Overall, the day’s market performance pointed to a calm domestic trading environment where the Sri Lanka rupee’s stability and steady bond quotations suggested investors were awaiting fresh catalysts before committing to larger positions.