Business · Sri Lanka Bureau
Sri Lanka rupee weakens against dollar as bond yields hold steady
The Sri Lankan rupee retreated to 330.95/331.05 against the US dollar in spot trading, marking continued weakness in the local currency. Government bond yields remained stable despite the depreciation pressure.
LSN Sri Lanka ·
The rupee declined further in foreign exchange markets as it traded at 330.95 to 331.05 per US dollar in spot dealings, reflecting ongoing headwinds in the currency markets.
The weakness in the rupee comes amid broader challenges facing Sri Lanka's external sector, though the central bank continues efforts to stabilise the currency through various monetary policy measures.
Government bond yields held firm across the maturity curve, signalling stable demand for local debt instruments despite currency volatility. Fixed income investors maintained their positions as yields remained attractive relative to regional comparables.
The currency movement underscores the persistent external pressures facing the Sri Lankan economy as it navigates foreign exchange constraints and rebuilds reserves following the financial crisis of recent years.