Rupee stable

The rupee was little changed in the interbank foreign exchange market on Friday, as activity remained subdued, dealers said. The rupee was mostly unchanged to close at 104.85 against the dollar as compared to the level of 104.84 in the previous trade. “The market continued to maintain a range-bound trade due to persistent slowdown in the demand from importers, a currency dealer said. “Market participants preferred to remain on the sidelines ahead of the monetary policy decision by the SBP on Saturday.”