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Sri Lankan Rupee Declines Amid Rising Bond Yields and Global Oil Price Surge

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The Sri Lankan rupee was quoted at 311.50/312.00 against the US dollar in the spot market on Monday, showing a notable weakening from Friday’s close of 311.00/20, according to dealers. Bond yields opened higher as a reaction to oil prices surging over 20% and surpassing $100 per barrel.

For bonds, the following yields were observed:

A bond maturing on June 15, 2029, was quoted at 9.45/55 percent.

A bond maturing on March 15, 2031, was quoted at 9.90/10.10 percent.

A bond maturing on October 1, 2032, was quoted at 10.35/50 percent, up from the previous 10.22/28 percent.

A bond maturing on June 1, 2033, was quoted at 10.60/70 percent, up from 10.48/52 percent.

A bond maturing on June 15, 2034, was quoted at 10.70/90 percent, up from 10.65/75 percent.

A bond maturing on June 15, 2035, was quoted at 10.85/11.00 percent, up from 10.76/80 percent.

The telegraphic transfer rates were as follows: for the US dollar, the buying rate was 307.5000 and the selling rate was 314.5000. The British pound was bought at 408.0049 and sold at 419.3083. The euro was bought at 351.8849 and sold at 363.3043.

(Colombo/Mar9/2026)


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