Rupee may remain firm

The rupee is likely to maintain the current levels against the dollar next week, owing to better performance of export receipts. Currency experts said the interbank foreign exchange market witnessed lower dollar demand for import payments since the imposition of the regulatory duty on October 16, 2017. The rupee remained stable during the week from November 13 to 17. However, some panic was seen in the open market, which was later controlled due to strict monitoring by the central bank.