Rupee Seen Trading Steady Despite Political Uncertainty After Inconclusive Pakistan Election

Rupee expected to trade in narrow range despite political uncertainty after split election result
Healthy dollar supplies from exporters to offset uncertainty; rupee gained slightly this week
Hung parliament raises fears of prolonged deadlock, protests, violence affecting investor confidence
Pakistan faces widening current account deficit, dwindling reserves, looming debt crisis and expected to seek IMF bailout
Forward premiums attractive for exporters selling dollars; rupee likely to trade between 278-282 this month