Indian rupee closed marginally lower Thursday after the dollar recovered overseas.
The partially convertible rupee was at 47.94 per dollar against the dollar, down five paise from Wednesday’s close of 47.89 per dollar.
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In fairly active trade, the domestic currency resumed higher at 47.80 a dollar and later moved in the range of 47.72 and 48.03 in step with volatile trade at the Indian bourses during the day.
The rupee, however, was well supported by steady capital inflows into equity. Foreign institutional investors bought shares worth $81.80 million in the last two days.
