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Our Bureau

Mumbai, Nov. 28

The rupee weakened marginally on Tuesday on dollar demand from oil companies. It opened at around 44.67/69 but oil-related buying pushed down the rupee to an intra-day level of 44.75/76 before ending at 44.69, three paise lower over Monday's close of 44.66.

"The dollar weakened against major currencies," said a dealer at a private bank. "Further direction of the rupee will depend on consumer confidence and durables data from USA, expected in the evening," he added.

"The month-end demand is expected to cease this week leading to a strong rupee," the dealer added. In forwards, the six-month premium closed at 2.06 per cent (1.95 per cent) and 12-month premium ended at 1.92 per cent (1.80 per cent).

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