Rupee firm

The rupee maintained its firmness against the dollar in the interbank foreign exchange market on Wednesday, currency dealers said.

The rupee closed unchanged at 115.61/dollar.

The currency remained stable at 115.61/115.63 due to continual insignificant dollar demand from importers.

“The market is eagerly waiting for the name of the new interim prime minister,” a dealer said.

The rupee continued to fall in the open market on the back of tight supply of the dollars.

The rupee closed at 118.10/118.40 for buying and selling against the dollar. It ended at 117.70/118.10 in previous trade. Dealers said the kerb market was little volatile due to higher dollar demand in the market.