Money Market

Sentiment: Lacklustre/weak

Government security prices opened weaker, inched up by around thirty paise but finished at morning levels.

Liquidity concerns on account of on-tap sales of state loans weighed on sentiment.

Corporate yields climbed up by 10 basis points.

Call money ended higher at 5.80-6.00 per cent in anticipation of liquidity crunch tomorrow.

Forex market

Market Sentiment: Bullish

The rupee ended weak at 47.7450/7600 as corporates bought dollars following renewed war fears.

Outlook

The rupee is expected to be weaker around 47.74-47.78 band per dollar on concerns following rising crude prices and month-end demand for dollars. Forward premiums could also edge up.