The rupee ended slightly higher against the dollar on Thursday, amid insignificant dollar demand from importers, with bullish underlying sentiment, dealers said.
In the interbank market, the rupee closed at 138.85 against the greenback, compared with the previous closing of 138.90. In the open market, the rupee stayed flat at 139 against the dollar. The currency strength was aided by positive investor sentiment about the balance of payments position, a dealer said.
Sheikh argued that the government should have maintained stable petroleum prices
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