Rupee likely to remain firm

The rupee is likely to maintain firm trend next week due to comfort supply of dollars to meet market demand, currency analysts said.

The rupee traded in the five paisas range during the outgoing week. It traded at 104.80 to 104.85 against the dollar in the interbank market. “Traders remain calm and they foresee that there will be no depreciation of the local currency in future,” said an analyst. The open market rates were little volatile to trade at 107.10 and 107.40.