ECONOMYNEXT – Sri Lanka’s rupee closed at 309.50/60 to the US dollar in the spot market Friday, weaker from 309.40/55 the previous day, after having depreciated over the week, dealers said, while bond yields closed up. 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 15.12.2026 closed flat…
Sri Lanka rupee closes weaker, bond yields up
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth