Sri Lankan rupee little changed

The Sri Lankan rupee closed steady on Thursday in dull trade, but local bond yields fell after the government approved a proposal to double the borrowing limit on Sri Lanka Development Bonds to $3 billion this year, dealers said. The government said on Wednesday it approved the proposal with an aim to increase dollar liquidity. Local t-bill yields slipped 9 basis points at a weekly auction soon after the government announcement.
Rupee forwards were active, with two-week forwards closing at 153.15/30 per dollar, nearly unchanged from Wednesday's close of 153.10/30.