The Sri Lankan rupee opened slightly stronger on Tuesday, trading at 299.55/60 against the US dollar in the spot market, compared to Monday’s closing rate of 299.60/70, according to market dealers.
Meanwhile, government bond yields saw a modest decline across several maturities, reflecting easing investor sentiment as a Treasury bill auction worth Rs. 145 billion was underway.
The yield on the bond maturing on October 15, 2028 dropped to 9.95/10.00 percent from a previous range of 10.03/12 percent. Similarly, the bond maturing on March 15, 2028 eased to 9.85/88 percent, down from 9.88/98 percent.
The December 15, 2029 bond was quoted at 10.38/40 percent, falling from 10.43/50 percent. Meanwhile, the March 15, 2031 bond yield also declined to 10.86/90 percent from its earlier level of 10.90/11.00 percent.