Rupee unchanged

The rupee ended unchanged for the third consecutive day at 104.86 against the dollar on Friday due to static demand and supply of the foreign currency in the interbank foreign exchange market.

Dealers said the rupee remained stable due to reduction in import payments. However, the ease in external inflows discouraged any gain in the local currency value.

The interbank foreign exchange market opened at 104.85 and 104.86. The market recorded day high of 104.86 and low of 104.85. Currency experts said that the current account balance would depress the rupee value in coming days. In the open market, the buying and selling of the dollar was recorded at 106/106.20.