Rupee firm

By our correspondents
February 17, 2016

The rupee ended firmer against the US dollar on Tuesday due to lackluster buying and selling activities. The local unit ended at 104.73 to the dollar from previous day’s close of 104.71 in interbank foreign exchange market. Dealers said no major deals were recorded during the day as demand for import payment for oil and other commodities remained low. The interbank market initiated in the band of 104.75 and 104.80. The market recorded high of 104.80 and low of 104.75. Currency experts said the local currency would remain stable against the dollar in the coming days owing to prospects of economic growth.