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The rupee depreciated against the dollar on Thursday on light demand for the greenback.
"The US dollar reversed its losses over the previous sessions to close marginally stronger at Rs. 131.05-10 from its opening level of Rs. 130.75-80 due to light demand from a state and local names. The market high was at Rs. 131.05 and the lowest was at Rs. 130.80," the Sri Lanka Forex Association said.
The rupee was expected to appreciate after the completion of the IMF standby arrangement programme and the US$ 1 billion sovereign bond issue.
Meanwhile, benchmark Treasury bill yields inched downwards at yesterday’s primary market auction.
The Public Debt Department of the Central Bank had offered maturing bills amounting to Rs. 18 billion which generated bids totalling Rs. 48.8 billion of which Rs. 30.2 billion were accepted.
The three-months Treasury bill yield inched down to 11.35 percent from 11.36 percent a week ago while the six-months yields fell to 12.85 percent from 12.91 percent. The 12-months yields fell to 13.15 percent from 13.16 percent last week.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=57654
"The US dollar reversed its losses over the previous sessions to close marginally stronger at Rs. 131.05-10 from its opening level of Rs. 130.75-80 due to light demand from a state and local names. The market high was at Rs. 131.05 and the lowest was at Rs. 130.80," the Sri Lanka Forex Association said.
The rupee was expected to appreciate after the completion of the IMF standby arrangement programme and the US$ 1 billion sovereign bond issue.
Meanwhile, benchmark Treasury bill yields inched downwards at yesterday’s primary market auction.
The Public Debt Department of the Central Bank had offered maturing bills amounting to Rs. 18 billion which generated bids totalling Rs. 48.8 billion of which Rs. 30.2 billion were accepted.
The three-months Treasury bill yield inched down to 11.35 percent from 11.36 percent a week ago while the six-months yields fell to 12.85 percent from 12.91 percent. The 12-months yields fell to 13.15 percent from 13.16 percent last week.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=57654
