Sri Lanka’s rupee guidance peg weakens, yields in govt securities down

Sri Lanka’s central bank said that the guidance peg for interbank transactions fell 17 cents, while yields on Sri Lanka Treasury Bills went down and T-bonds stayed the same after a weekly bill auction on Wednesday.

A bond with a maturity date of June 1, 2032, closed at 29.60/30.00 percent, which was the same as Tuesday’s 29.55/30.00 percent.

The closing rate for a three-month bill went down from 30.00/31.30 percent to 29.15/30.25 percent.

On Wednesday, the debt office sold all 80 billion rupees worth of T-bills that were up for bid.

Sri Lanka’s central bank said that the guidance peg for interbank transactions fell by 17 cents from Tuesday to Wednesday, going from 362.28 rupees to 362.45 rupees.

Based on the numbers, commercial banks charged between 369.45 and 370.00 dollars for small telegraphic transfers.

Banks offered to buy money sent from abroad for 359.45 to 360.00 rupees per dollar.

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