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Our Bureau

Mumbai, Feb. 21

The rupee weakened slightly against the dollar on the back of importer demand. The domestic currency opened at 44.21/22 and closed at 44.1850/1950, against Tuesday's close at 44.1850. Dealers said month-end dollar demand from importers caused the rupee to weaken during the day. However, dollar inflows matched demand for the rupee to close unchanged.

"The rupee is likely to appreciate if the central bank does not mop up dollar inflows," said a dealer at a private bank. In forwards, the six-month closed at 3.03 per cent (3.28 per cent) and 12 month ended at 2.93 per cent (3.09 per cent).

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