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Friday April 19, 2024

Rupee firm

By Our Correspondent
May 24, 2018

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.