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Sri Lankan Rupee Declines as Bond Yields Rise
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Sri Lankan Rupee Declines as Bond Yields Rise
FINANCIAL CHRONICLE – On Friday, Sri Lanka’s rupee concluded trading at 309.35/45 against the US dollar in the spot market, slightly weakening from the previous day’s rate of 309.30/35, according to market dealers. Concurrently, bond yields experienced an upward trend. The yield on a bond maturing on December 15, 2026, decreased to 8.15/25 percent from the earlier 8.20/25 percent. Meanwhile, the yield for a bond set to mature on September 15, 20…
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