KARACHI: The rupee ended flat against the dollar in the interbank market on Wednesday.The rupee closed at 277.36 per dollar, almost unchanged from its close of 277.37 in the previous session. In the open market, the rupee traded unchanged at 279.06 against the dollar.
Dealers said the local currency is expected to continue to follow a range-bound trend amid improved dollar inflows following the sale of a $3 billion Eurobond in international capital markets last week.
The rupee is expected to remain broadly stable against the dollar through March next year, with most respondents forecasting the currency to trade within a narrow range despite persistent external-sector risks, according to Topline Securities’ latest poll.
About 33 per cent of respondents expect the rupee to settle at 280-285 per dollar by March 2027, in line with the brokerage house’s forecast, while 24 per cent see it at 285-290. The remaining 43 per cent expect the currency to trade between 275 and 280, with none forecasting depreciation beyond 290 against the dollar.
