ECONOMYNEXT – Sri Lanka’s rupee closed at 309.50/65 to the US dollar in the spot market Monday, mostly flat from Friday’s close of 309.50/60, after having depreciated over in recent weeks, dealers said, while bond yields adjusted slightly on the shorter end. 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 central bank selectively denied convertibility to private importers after buying dollars and creating liquidity. A bond maturing on 15.12.2026 closed at 8.30/45 percent, up from 8.30/40 percent. A bond maturing on 15.12.2028 closed…
Sri Lanka rupee closes weaker, bond yields adjust slightly
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