Rupee likely to remain flat

The rupee is likely to remain flat against the dollar next week due to sufficient external liquidity in the market, analysts said.

The rupee-dollar parity is unlikely to breach the key psychological level of 101.90 during the forex trade in the upcoming week, they said.

The foreign inflows in the market would be ample to meet the requirement of banks and importers.

The rupee witnessed a little fluctuation in its value in the interbank market during the outgoing week. Moving by two paisas, it closed at 101.85 against the dollar on Monday and at 101.85 on Thursday.

Source: TN


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