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Sri Lanka rupee closes flat, bond yields down

ECONOMYNEXT – Sri Lanka’s rupee closed at 309.45/60 to the US dollar in the spot market, relatively flat from 309.50/60 a day earlier, dealers said, while bond yields closed down. The dollar 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 15.12.2026 closed at 8.40/70 percent, down from 8.40/80 percent. A bond maturing on 15.02.2028 closed at 9.00/10 percent, down from 9.05/20 percent. A bond maturing on 15.10.2029 closed at 9.70/78 percent, down from 9.75/85 percent.…

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