Due to the muted demand for the domestic currency from importers in the upcoming week, traders predict that the rupee will remain constant versus the US dollar.
They claimed that market participants will be watching the monetary policy meeting of the central bank on Monday.
The dollar fluctuated between 213-214 during the previous week. It ended at 214.65 on Friday after ending at 213.98 on Monday. During the week, the rupee lost 0.31% of its value against the dollar.
A foreign exchange broker stated, “The market has stabilised during the past week, and the rupee will probably remain stable at the same levels in days to come.”
