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Mumbai, July 2

The rupee closed marginally lower due to importer buying. The dollar inflows were low and put pressure on the rupee, said a forex dealer with a private bank.

The domestic currency opened higher at 47.76 and closed at 47.95, against the previous close of 47.90/92.

“Importers bought dollar as they saw value at these levels.

This weakened the rupee,” said the dealer. In the overseas market, the dollar was strong against the euro and pound, but fell against the yen. There were only customer flows, said the dealer. In the forward premia market, the six-month closed at 2.52 per cent (2.68 per cent) and the one-year at 1.31 per cent (2.4 per cent).

— Our Bureau

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