Sri Lanka’s rupee closed at 330.65/80 to the US dollar in the spot market on Wednesday, marginally stronger than the 330.70/90 recorded the previous day, while government bond yields closed lower across every quoted maturity, dealers said.
The move on the currency was slight — five cents on the bid — but it ran alongside a broader and more uniform fall in yields, EconomyNext reported.
Bond closings
| Maturity | Wednesday | Previous |
|---|---|---|
| 01.08.2030 | 11.10/20% | 11.25/35% |
| 15.10.2030 | 11.20/25% | 11.30/40% |
| 01.02.2031 | 11.25/30% | 11.35/45% |
| 15.12.2032 | 11.65/75% | 11.75/85% |
| 15.10.2034 | 11.95/12.00% | 12.05/10% |
Every maturity closed lower, with declines of 10 to 15 basis points on the bid. Falling yields mean rising prices — the move is consistent with buying interest across the curve rather than a shift concentrated at one tenor.
The day’s context
The session followed the Monetary Policy Board’s decision to hold the Overnight Policy Rate at 8.75%, and coincided with the release of September inflation data showing headline CCPI unchanged at 8.0%.
It also comes after two consecutive weeks in which foreign investors were net sellers of rupee bonds, ending a 13-week buying run. Wednesday’s yield declines are a single session and do not, on their own, indicate that the offshore selling has reversed.
Not reported
EconomyNext does not give the day’s traded volume, identify the buyers, or state where the rupee traded intraday.