Sri Lanka’s rupee opened weaker on Friday at 305.00/75 to the US dollar, compared to 304.50/80 on Thursday, according to market dealers. Despite the weaker rupee, bond yields remained broadly steady, while the stock market saw an upward movement. A bond maturing on 15.02.2028 was quoted at 13.60/70 percent, slightly lower than the previous day’s
Sri Lanka’s rupee opened weaker at 299.10/40 against the US dollar on Monday, according to market dealers. Bond yields showed an upward trend, while stock markets saw a modest rise of 0.06 percent. The rupee had closed at 299.10/30 against the greenback last Friday. In the secondary bond market: In equities, Colombo’s All Share Price
Sri Lanka’s central government net debt decreased to 36.3 billion USD in 2023, down from 37.5 billion USD in 2022, despite borrowing 1.57 billion USD to finance the budget deficit, according to official data. The reduction in net debt occurred as the central bank did not print money to enforce policy rates, eliminating forex shortages
In a bid to bolster its foreign exchange reserves, Sri Lanka’s central bank made significant purchases totalling $113 million from forex markets in December 2023, bringing the annual total to $1.895 billion, as per official data. This accumulation of reserves was facilitated by the central bank’s deflationary policies, aimed at stabilizing the country’s monetary system