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Mumbai, July 24

The rupee depreciated marginally against the dollar on a day that witnessed high volatility. The domestic currency opened stronger at 41.98 and closed at 42.14/15, against the previous close of 42.08/09. In intra-day trade, it touched a high of 41.82/83 and a low of 42.19/20. Big corporate houses were initially seen selling dollars but were buying in the latter part of the day, said a dealer with a private bank. Losses in the stock market also pulled the rupee down, he add ed. The Sensex closed 165 points lower at 14,777, against the previous close of 14,942. Another dealer with a private bank said that oil companies were buying dollars. In the forward market, the 6-month premium closed lower at 4.63 per cent (4.77) and the 12-month ended at 3.90 per cent (4.07).

— Our Bureau

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