KARACHI, Aug 4: Short-term money rates were flat on Monday and dealers said rates were expected to remain at current levels for the week amid lack of cash inflows.

Overnight call rates ended at 10.50 per cent, unchanged from Saturday’s close.

“The next inflow is on Aug. 15 so rates should be stable at current levels,” said a brokerage house dealer.

Dealers said there were inflows of Rs10.5 billion from maturing government securities on Monday and Rs34 billion scheduled for Aug 15.

In the currency market, dealers said the rupee ended weaker at 71.87/97 to the dollar, compared with Saturday’s close of 71.80/84 due to import payments and portfolio outflows.

There has been pressure on the rupee because of increased dollar demand from importers in recent months.—Reuters