Rupee continues depreciating trend

By Wealth Trust Securities

The deprecating trend in the rupee continued yesterday as well, as the USD/LKR rate on spot contracts was lowered by a further 10 cents to Rs. 134.00. The total USD/LKR traded volume for 14 August was $ 78.97 million.

Some of the forward USD/LKR rates that prevailed in the market were one month – 134.56/66; three months – 135.86/96 and six months – 137.58/68.

In secondary market bond trading, a very limited amount of activity was witnessed on the 1 July 2019 and 1 May 2020 maturities within the range of 8.14% to 8.17% and 8.38% to 8.40% respectively yesterday as yields on the rest of the yield curve remained broadly steady.

In money markets, Overnight call money and repo rates increased marginally yesterday to trade within the range of 6.10% to 6.30% and 6.00% to 6.25% respectively.