Sri Lanka’s rupee stabilized in Thursday’s spot trading, quoted at 336.75/337.50 to the US dollar, a modest improvement from the 337.00/75 level seen the previous day.
The pause in depreciation marks a brief respite for the currency, which has faced sustained selling pressure over the past two sessions.
Local bond yields also softened slightly, edging lower as dealers reported reduced volatility in the fixed-income market.
Local bond yields also softened slightly, edging lower as dealers reported reduced volatility in the fixed-income market.
The synchronized move in currency and debt markets suggests a temporary easing of risk sentiment, though the underlying structural challenges remain unresolved.
The rupee’s recent trajectory has been marked by consistent weakness, having slipped from 334.50/75 on Tuesday to 336.50/80 on Wednesday before finding a floor at current levels.
This daily grind lower reflects persistent concerns over the country’s external financing needs and import bill, particularly as global commodity prices remain elevated.