KNOWLEDGE HUB

Wednesday, October 28 2026

Wednesday, October 28 2026

Sri Lanka's Rupee Drops to 332.40/50 to US Dollar Amid Excess Money

Published Tuesday, 27th October 2026 6:48 PM

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MONETABRIEF - Sri Lanka's rupee closed at 332.40/50 to the US dollar in the spot market Tuesday, down from 332.20/30 to the US dollar a day earlier.

The rupee closed at 332.15/25 to the US dollar Fridayh.

Sri Lanka's money markets has around 380 billion rupees of excess liquidity, created from monetizing the balance of payments and money printing (generating) swaps, which can turn into imports through credit.

If they are not redeemed against dollars, the rupee depreciates.

A bond maturing on 15 February 2028 closed at 10.45/50 percent Tuesday.

A bond maturing on 15 September 2029 closed at 11.10/20 percent.

A bond maturing on 15 May 2030 closed at 11.40/50 percent.

A bond maturing on 15 October 2030 closed at 11.60/70 percent.

A bond maturing on 1 February 2031 closed at 11.75/80 percent.

A bond maturing on 1 December 2031 closed at 11.85/12.00 percent.

A bond maturing on 15 December 2032 closed at 12.00/20 percent.

A bond maturing on 1 March 2033 closed at 12.15/30 percent.

A bond maturing on 15 June 2034 closed at 12.50/60 percent.

A bond maturing on 15 October 2034 closed at 12.50/60 percent.

A bond maturing on 15 June 2035 closed at 12.60/70 percent.

A bond maturing on 15 August 2036 closed at 12.65/75 percent.(Colombo/Oct27/2026)

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