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Rupee marginally up

MUMBAI: The rupee ended marginally higher at 44.26/27 a dollar, supported by a smart recovery on equity markets coupled with fresh exporters' dollar sales. The Indian unit was trapped in a range of 44.26-44.30 after resuming steady at 44.27/28 a dollar. Foreign Institutional Investors pulled out about $225 million from equity markets on February 26 and 27 and also withdrew massive funds on Wednesday when the benchmark sensex fell by 4 per cent in line with global meltdown. — PTI

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