Rupee to remain stable

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.   

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.