Money Market

Sentiment:Subdued

Gilt yields rose on concerns that liquidity could come under pressure owing to the scheduled state loan auction.

Sentiment was further dampened as the Centre said states could borrow extra funds under a debt-swap scheme.

Yield on the benchmark 9.81 per cent 2013 ended at 6.6070 per cent against its previous close of 6.5546 per cent.

Call money ended substantially lower at 4.00-4.25 per cent against its previous close of 5.40-5.50 per cent.

Forex market

Market Sentiment: Bullish

The rupee ended weaker at 47.7200/7250 on corporate demand for dollars coupled with short-covering by banks.

Outlook: The rupee should hover in the 47.68-47.73 band per dollar on Monday on the back of bunched-up weekend supplies.