Rupee to remain stable

By our correspondents
March 26, 2017

The rupee is likely to remain range-bound against the dollar next week due to sluggish importers and corporate demand for the green backs, dealers said.

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The currency would close the coming week around the same levels of 104.83/104.85 in the interbank forex market.

The rupee/dollar parity was little changed during the outgoing week as activity remained dull. Traders were preferred to stay on sidelines due to stagnant demand and lack of fresh triggers.

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