Sri Lanka’s rupee ended trading on Friday at 309.50/60 against the US dollar in the spot market, weakening from 309.40/55 recorded the previous day, according to market dealers. The currency has depreciated over the week, after closing at 309.05/15 last Friday.
Since December 2024, the rupee has declined from around 292 to the dollar. This depreciation has occurred despite record current account surpluses and narrowing budget deficits. The central bank has selectively denied convertibility to private importers following its purchase of dollars and the creation of additional liquidity.
In the government securities market, bond yields moved higher. The yield on the bond maturing on 15 December 2026 remained unchanged at 8.30/40 percent. The bond maturing on 15 December 2028 closed at 9.05/11 percent, while the bond maturing on 15 December 2029 ended at 9.55/60 percent. The yield on the bond maturing on 15 March 2031 rose to 9.90/95 percent, up from 9.85/90 percent. The bond maturing on 1 November 2033 closed at 10.42/48 percent.
(Colombo/Dec19/2025)
