Sri Lanka rupee weaker, bond yields up.

Saturday, 22 June 2013 - 12:20


Sri Lanka rupee was quoted below 129 to the US dollar in the spot market yesterday, while bond yields were also elevated.


The rupee opened between 128 rupees and 40 cents to 128 rupees and 60 cents levels against the US dollar and weakened in mid-day trade.


Dealers say there were higher levels of forward covering in the market including by foreign investors in rupee bonds.


Sri Lanka's bond yields have also edged up.