Rupee likely to fall

The rupee is likely to come under pressure next week due to expected increase in import payments demand and political uncertainty in the country, analysts said on Saturday. The rupee is expected to trade in the range of 104.70 and 104.80 against the dollar.  “There will be substantial outflows post-Eid, coupled with political unrest,” said an analyst at Tresmark Research. The week ended with the rupee gaining 30 paisas. At the start of the week, it closed at 104.62 and ended at 104.32 against the greenback at the interbank market on Friday.