ECONOMYNEXT – Sri Lanka’s rupee opened at 298.40/60 to the US dollar on Tuesday from 299.40/70 the previous day, dealers said.
The rupee is not seen to be volatile in the future based on data available at the moment, Central Bank Governor Nandalal Weerasinghe has said.
“When we look at foreign incomes and payments due in the future I do not see the exchange rate will move up and down a lot,” Governor Weerasinghe told reporters Tuesday, speaking in Sinhalese.
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Meanwhile, bond yields were down, dealers said.
A bond maturing on 15.12.2026 was quoted down at 10.62/65 percent from 10.65/75 percent.
A bond maturing on 15.09.2027 was quoted at 11.00/05 percent down from 11.05/15 percent.
A bond maturing on 15.03.2028 was quoted at 11.35/45 percent down from 11.40/55 percent.
The Colombo Stock Exchange opened up; The All Share Price Index was up 0.25 percent at 12,406, and the S&P SL20 was up 0.26 percent at 3,650. (Colombo/May08/2024)