Rupee unchanged

The rupee managed to hold its overnight levels against the dollar on Tuesday, amid less dollar buying from importers, currency dealers said.

In the interbank market, the rupee closed at 110.54 to the dollar, unchanged from the previous closing levels.

“The currency pair remained stable in the wake of slow dollar demand from importers,” a dealer said. “(The) lack of interest from buyers also contributed to the currency stability in the interbank market,” he added.

The rupee moved in the range of 110.52/110.62 during the session. The domestic unit witnessed a slight variation due to persistent increase in the demand for the greenback.

In the kerb market, the rupee traded at 112.10/112.45 against the dollar as compared to the previous levels of 112/112.40. The rupee also traded in a range-bound manner in the open market, as people bought foreign exchange to meet their requirements, a forex dealer said.