Sri Lanka’s rupee opened the week steady at 299.10/25 against the US dollar in the spot market on Monday, maintaining its position from Friday’s close of 299.10/20, according to market dealers. The local currency’s stability reflects a cautious but balanced outlook from investors amid improving macroeconomic conditions.
Government bond yields remained broadly steady with minor fluctuations across different maturities. The bond maturing on 15 December 2026 was quoted flat at 7.90/8.00 percent. The yield on the bond maturing on 15 September 2027 edged slightly higher to 8.45/55 percent from its previous quote of 8.40/50 percent. The 15 October 2028 bond was quoted at 8.80/90 percent, showing no major movement. Meanwhile, the bond maturing on 15 December 2029 was quoted at 9.50/53 percent, up marginally from 9.50/52 percent, and the 15 September 2029 bond remained steady at 9.43/47 percent.
In equity markets, investor sentiment remained positive. The All Share Price Index (ASPI) rose by 0.21 percent to close at 17,431.05, while the S&P SL20 recorded a notable jump of 29 percent, reaching 5,190.81.