ECONOMYNEXT – Sri Lanka’s rupee opened at 309.25/70 to the US dollar in the spot market Thursday, stronger from 309.50/60 the a day earlier, dealers said, while bond yields were broadly steady. 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. The telegraphic transfer rates for the American dollar were 306.0000 buying, 313.0000 selling; the British pound was 411.3046 buying, and 422.6664 selling, and the euro was 357.1960 buying, 368.5592 selling. In the secondary bond market trading was…
Sri Lanka rupee opens stronger, bond yields steady
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