Rupee may remain range-bound

The rupee is expected to remain range-bound in the interbank market next week due to the lack of triggers, analysts said on Saturday.

The rupee could trade in the narrow range of 104.87/90 against the dollar. The local unit continued its stable trend, owing to insignificant dollar demand.

“Bearish sentiment in the local currency market kept the rupee trading at stable note, ahead of long weekend on account of Eid-ul-Fitr holidays,” a currency analyst said.