Rupee gains marginally

The rupee gained marginally against the dollar on Tuesday on the back of the rally in the Asian equity indices and the strength of the Asian currencies. The gains in the domestic equity indices also propped up the rupee. But dollar buying by oil importers capped the gains of the domestic currency, said dealers. The rupee opened strong at 45.95 and weakened to touch an intra-day low of 46.09. It ended the day at 46.02 against the previous close of 46.09/10. In the overseas markets, the dollar gained against the euro and the sterling but was weak against the Asian currencies, said a dealer with a public sector bank. In the forward market, the six-month forward premium closed higher at 2.78 per cent (2.67 per cent) and the one-year ended at 2.69 per cent (2.61 per cent). — Our Bureau