Sri Lanka’s rupee opened at a stronger rate of 304.20/50 against the US dollar on Tuesday, improving from 304.25/75 the previous day. In tandem, bond yields also experienced a decline for the second consecutive day following the elections.
The indicative quote for a bond maturing on May 1, 2027, was recorded at 12.60/80 percent, down from 12.70/90 percent, continuing the downward trend observed on Monday. Similarly, a bond maturing on February 15, 2028, was quoted at 13.15/20 percent, compared to the previous 13.25/40 percent. Additionally, a bond maturing on June 15, 2029, saw a drop to 13.40/45 percent, down from 13.55/65 percent.