Business · Sri Lanka Bureau
Sri Lankan rupee holds steady against dollar at 328.90/329.05
The Sri Lankan rupee maintained its position against the US dollar on Monday, while bond yields remained largely unchanged with some softening at the shorter end of the curve, according to market dealers.
LSN Sri Lanka ·
The rupee was quoted at 328.90/329.05 against the US dollar in spot trading, reflecting stability in the currency market amid ongoing economic developments in the island nation.
Bond market activity remained subdued, with yields holding broadly steady across the curve. Dealers noted a slight downward bias in shorter-tenor securities, suggesting modest demand for near-term fixed-income instruments.
The stability in both currency and bond markets comes as Sri Lanka continues to navigate its economic recovery path. Market participants remain focused on central bank policy decisions and external sector developments that could influence rupee valuations and yield curves in the coming weeks.
Traders indicated that liquidity conditions remained adequate, with no significant pressures reported in either the foreign exchange or fixed-income segments. The modest softening in shorter-dated bonds may reflect investor preference for near-term positioning amid prevailing market uncertainties.