Rupee ends marginally higher vs dollar

The rupee on Thursday closed the day flat at 49.19/20 as late dollar selling by exporters and some corporates helped the local currency recover early losses.

Forex dealers said signs of increased capital inflows supported the rupee sentiment.

At the Interbank Foreign Exchange (Forex) market, the domestic currency commenced lower at 49.31/32 a dollar and fell further to hit a low of 49.35 on dollar demand from importers, mainly oil refiners, to meet their month-end requirements.

Dealers said dollar selling emerged later on expectations of a further fall in dollar value overseas. The domestic currency finally ended the day at 49.19/20, up a mere three paise from its last close.

Meanwhile, the BSE benchmark Sensex fell by 67 points at 18,078.50.

The dollar index was down by 0.35 per cent against a basket of currencies in Europe.