Sri Lanka’s Rupee Declines Further as Bond Yields Show Signs of Recovery

FINANCIAL CHRONICLE – Sri Lanka’s rupee was quoted at 313.50/314.50 to the US dollar in the spot market on Tuesday, further depreciating from the previous day’s rate of 313.00/314.00, according to dealers. Meanwhile, bond yields showed slight recovery, although the market remained somewhat volatile.

A bond maturing on July 1, 2028, was quoted at 9.50/60 percent. The bond maturing on December 15, 2029, was quoted at 9.80/85 percent, an increase from the previous rate of 9.70/80 percent. Additionally, a bond maturing on October 1, 2032, was quoted at 10.45/60 percent, while a bond maturing on June 1, 2033, was quoted at 10.80/95 percent, up from 10.60/85 percent.

The telegraphic transfer rates for the American dollar stood at 310.0000 buying and 317.0000 selling. For the British pound, the rates were 414.3085 buying and 425.6119 selling, while the euro was quoted at 356.8340 buying and 368.2534 selling.

On the Colombo Stock Exchange, the All Share Price Index was trading down by 3.61 percent, or 736.01 points, at 21,100.98. The S&P SL20 index also saw a decline of 3.84 percent, or 218.24 points, bringing it to 5,905.06.

(Colombo/Mar24/2026)

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