Rupee may stay firm next week
Business
January 10, 2021
KARACHI: The rupee is likely to remain range-bound against the dollar next week aided by decreased demand for the hard currency from importers, with increasing inflows from exports and remittances, and Roshan Digital Account also supported the domestic currency.
“We expect the rupee to trade within 159.80 to 160.30 range in the coming week,” a foreign exchange trader said.
In the interbank market, the rupee remained stable, closing the week at 160.17 versus the greenback. It lost 19 paisas during the outgoing week.
The rupee has been supported by positive data on exports and remittances, while Roshan Digital Account related inflows also came into play to keep the local unit stable against the dollar.