(Bloomberg) — Sri Lanka’s rupee was little changed ahead of the release of December national inflation data.
* USD/LKR steady at 181.30
* National CPI data due at 3pm local time; no forecast, prices rose 4.1% y/y in November
* “There maybe a bit of pressure from food inflation with some supply side issues, “says Dimantha Mathew, head of research at First Capital Holdings in Colombo
** Sees the rupee supported by foreign buying into the short end of the nation’s bond yield curve
* Yield on nation’s 10.25% bond due June 2024 fell 2bps Monday to 9.55%
* Overseas investors sold a net $1.9m of local shares Monday, taking withdrawals for January to $6.2m: exchange data