KARACHI: The rupee is expected to strengthen marginally or remain stableagainst the dollar next week, *The Newslink,quoting traders on Sunday.

According to the traders, the rupee will be supported by the sluggishdemand for the greenback from importers and positive sentiments due tostrong growth in exports.

“The local unit could hover around the same level during the first week of2021, or appreciate slightly, owing to the lower import payments. Theexports and remittances are good, so the sentiment is for a strong rupee,”a foreign exchange trader said.

Compared with the start of the year, the rupee closed the year at Rs159.83in the interbank market, depreciating 3%, however, significantly strongerthan the record low trading of 169.50 on March 27.