ECONOMYNEXT – Sri Lanka’s rupee was trading at 309.60/85 to the US dollar in the spot market Tuesday, from 309.50/65 the previous day, after having depreciated in recent weeks, dealers said, while bond yields edged up on shorter tenors. 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. RELATED: Sri Lanka’s exchange rate depreciation by ‘Political Ravishment’ A bond maturing on 15.10.2028 was quoted at 9.15/20 percent. A bond maturing…
Sri Lanka rupee opens weaker, bond yields edge up
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