ECONOMYNEXT – Sri Lanka’s rupee was quoted at 309.30/50 to the US dollar in the spot market Friday, strengthening from 309.40/55 the previous day, after having depreciated over the week, dealers said, while bond yields moved up slightly. The rupee closed at 309.05/15 last Friday. Sri Lanka’s rupee has fallen from around 292 to the dollar in December 2024, amid record current account surpluses and narrowing budget deficits as the the central bank selectively denied convertibility to private importers after buying dollars and creating liquidity. RELATED : Sri Lanka’s exchange rate depreciation by ‘Political Ravishment’ A bond maturing on 15.12.2028…
Sri Lanka rupee strengthens marginally, bond yields move up
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