Sri Lanka’s rupee closed at 322.00/30 to the US dollar in the spot market on Monday, weakening from 321.70/90 the previous trading day, dealers told EconomyNext. The currency was quoted at 309.50/60 on December 30, 2025, putting year-to-date depreciation at around 4 percent against the dollar.
Bond yields were broadly steady across the curve. The 15.12.2028 bond closed at 9.75/80 percent. The 01.07.2028 bond closed at 9.65/75 percent, up from 9.65/70 percent on the previous trading day, while the 15.10.2029 maturity eased to 9.85/95 percent from 9.90/10.00 percent. The 15.12.2029 closed flat at 9.90/10.00 percent.
Further along the curve, the 01.07.2030 bond closed at 10.10/15 percent, up from 10.05/15 percent. The 01.10.2032 climbed to 10.75/85 percent from 10.65/75, and the 15.06.2034 rose to 11.15/25 percent from 11.12/17. The 01.06.2033 closed flat at 10.95/11.05 percent.
The market is heading into a heavy auction week. Rs. 250 billion in Treasury bonds are due to be issued at an auction on Tuesday (May 12), followed by Rs. 80 billion in Treasury bills on Wednesday (May 13).
The latest spot close extends a steady slide for the rupee since the start of the year. The Central Bank turned a net dollar seller in April for the first time in 22 months as forex inflows softened. The currency move is unfolding alongside a Rs. 545 billion primary surplus in the first two months of the year reported by the Finance Ministry, with strong revenue growth offering a fiscal counterweight to the external pressure on the rupee.
Source: EconomyNext.
