Sri Lanka’s rupee opened slightly stronger against the US dollar on Thursday, with the spot market quoting the currency at 299.35/50, compared to Wednesday’s close of 299.45/65, according to market dealers. The movement reflects continued strength in the local currency amid improving investor sentiment and easing inflationary pressures.
Meanwhile, government bond yields continued their downward trend, signaling improved confidence in the domestic debt market. The yield on the bond maturing on July 1, 2028, was quoted at 8.85/95 percent, down from the previous day’s 8.94/9.05 percent. The bond maturing on December 15, 2029, eased to 9.40/50 percent from 9.50/57 percent, while the bond maturing on March 15, 2031, slipped to 9.80/95 percent from 9.84/92 percent.
Market participants also noted that a Rs. 200 billion Treasury Bond issuance was underway, contributing to trading activity and influencing yield movements.