Sri Lankan Rupee Strengthens, Bond Yields Increase
Sri Lanka’s rupee opened stronger at 300.45/60 to the US dollar on Friday, compared to Thursday’s close of 300.80/301.05. Despite this strengthening, the bond market continues to experience volatility due to policy uncertainty, affecting investor interest in longer-term securities. The yields on short-term bills were quoted at 9.75/85 for the 6-month bill and 10.15 percent