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Sri Lanka rupee’s commercial bank quoted rate down; 1-yr t-bill yield up

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ECONOMYNEXT – Sri Lanka rupee closed at 367 against US dollar at the close of Thursday trading lower compared to  Wednesday’s close of 366, Commercial bank’s data showed.

The central bank’s interbank spot trade was at 359.85 under a daily guidance rate, unchanged from Wednesday.

In the secondary market only two bills were active during the day, dealers said.

The three-month T-bill closed at 20.40/50 percent on Thursday up from 20.20/40 at Wednesday close, despite there was more than 1 percent fall in the yield of this short-tenure government securities.

The one-year bill yield closed at 21.95/22.00 percent, up from 21.75/95 percent on Wednesday. (Colombo/June 16/2022)

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