Rupee likely to fall

The rupee is expected to lose some value next week, owing to strong dollar demand from oil refiners and other companies, analysts said on Saturday.

“The rise in the rupee seems to have paused as anticipated dollar outflows for import payments and could cause currency market volatility in the following weeks,” a currency analyst said.  The rupee/dollar parity may trade in the range of 104.65 and 104.75. 

The local currency was traded at 104.65 on Wednesday. It closed at 104.58 against the dollar at the interbank market on the last trading day on Friday.