The rupee is expected to hover in the 48.88-48.95 band to a dollar during this week on the back of weakening of the greenback against major world currencies. Forward premiums will have a soft bias due to ample liquidity in the interbank call money market.
The Indian unit appreciated by around 14 paise in the last week and the firm undertone is expected to prevail this week too. It saw a high of 48.89 to a dollar and a low of 49.03 during the previous week.