Sri Lanka’s rupee stabilized in Thursday’s spot trading, closing at 335.90/336.00 against the US dollar.
The currency found a floor after three consecutive sessions of depreciation, reversing a modest slide from Wednesday’s close of 336.20/40.
Dealers reported that selling pressure eased as the session progressed, allowing the pair to settle near the midpoint of the previous day’s range.
Dealers reported that selling pressure eased as the session progressed, allowing the pair to settle near the midpoint of the previous day’s range.
In the fixed-income market, local bond yields retreated, signaling a temporary relief in demand for higher risk premiums.
The decline in yields suggests that investor anxiety over near-term liquidity constraints has moderated slightly, though the market remains sensitive to external shocks.
The coordinated move in FX and rates indicates a brief pause in capital outflow pressures.