Sri Lanka’s rupee was quoted at 296.05/20 to the US dollar in the spot market Tuesday, weaker from 296.30/45 Monday, dealers said, while bond yields drastically dropped.

Sri Lanka is preparing a tariff for state-run Ceylon Electricity Board for solar power with battery, where electricity will be supplied during the night peak, Energy Minister Kumara Jayakody said.

Sri Lanka coconut prices declined at a weekly auction, Coconut Development Authority (CDA) weekly auction data showed.