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The rupee weakened tracking the negative equity markets.
The rupee opened higher on the back of strong Asian currencies, but it weakened towards the close on fears of dollar outflows.
The domestic currency opened at 45.10/11 and closed at 45.25, 11 paise weaker from the previous close of 45.14.
“The outflow is mainly linked to the stock market fall. There was also genuine dollar demand from importers,'' said a dealer with a private bank.
Oil companies were seen buying dollars, he added.
In the overseas market the dollar was strong against other currencies like the euro. In the forward premia market the one-year forward premia closed at 5.69 per cent (5.83 per cent).
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