Rupee may remain steady

The rupee is expected to trade steady next week owing to dull foreign currency demand, analyst said on Saturday. “We don’t see the rupee / dollar parity breaking the 105.40 levels soon unless an extraordinary demand come from importers,” an analyst said.

“The sentiments tend to remain dull, but point towards stable currency values moving in the range of 105.35/40.”  The rupee was little changed, closing the week flat at 105.39 in the interbank market.