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Rupee edges down

MUMBAI: The rupee on Thursday closed mildly lower at 44.37/38 a dollar after sustained dollar demand from oil corporates amid a resurgent dollar overseas prevented a possible extended rally on the back of strong foreign portfolio investment inflows into a buoyant stock market.

In two-way trading at the interbank foreign exchange market, the rupee shed a paisa from Wednesday's close of 44.36/37 after another surge in crude oil prices fuelled persistent heavy dollar demand from oil corporates and importers.— PTI

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