ECONOMYNEXT – Sri Lanka’s rupee closed at 304.35/54 to the US dollar in the spot market Thursday marginally stronger from 304.40/55 dealers said while bond yields were almost perfectly flat. The rupee has fallen 302.55/60 from the beginning of the month. Bond investors were taking stock of a 02 basis point rise in Treasury bill yields at yesterday’s auction, amid half the estimated volume of maturities being auctioned, market participants said. Longer term yields fell yesterday on good fiscal news. Longer term and short term yields however may be driven by different reasons, analysts say. In the past, a few…
Sri Lanka rupee steady, bond yields flat as market takes stock
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