Sri Lanka’s rupee traded at 335.48/55 against the US dollar in Friday’s spot market, a slight improvement from the 335.55/80 level recorded the previous day.
Dealers reported that government bond yields dipped across shorter tenors, suggesting a temporary easing of pressure in the fixed-income market.
The modest currency stabilization and yield decline mark a brief respite in a period of persistent volatility for Sri Lankan assets.
Recent trading sessions have seen the rupee fluctuate near the 336 level, with Wednesday’s close at 336.35/40 following earlier weakness.
The current session’s movement indicates that selling pressure has softened, though the currency remains under scrutiny amid broader macroeconomic uncertainties.
Market participants are closely monitoring the interplay between the local currency and sovereign debt yields.