ECONOMYNEXT – Sri Lanka’s rupee was trading at 309.75/85 to the US dollar in the spot market on Friday, weaker from 309.45/60 the previous day, dealers said, while bond yields extended recovery for the second consecutive day. The rupee opened at 309.30/60 before trending down, dealers said. The rupee has weakened from 293.25/75 to the US dollar last year, amid record current account surpluses and improvement in budget, denying the usual scapegoats macro-economists point to after depreciating currencies. A bond maturing on 15.02.2028 was quoted at 9.00/05 percent, down from 9.00/10 percent. A bond maturing on 15.12.2028 was quoted at…
Sri Lanka rupee weaker, bond yields down
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