The rupee on Monday closed marginally down at 54.48 against the US currency amid flat stock markets and recovery in dollar against major world currencies. Dollar demand from importers was little bit more than its selling by exporters, a dealer said.
At the Interbank Foreign Exchange market, the local unit commenced strong at 54.30 a dollar from the last close of 54.47. It immediately touched a high of 54.26 on hopes of rally in domestic equities. However, it fell back after hesitancy in local equities to a low of 54.57 before settling at 54.48, showing a mere fall of 1 paisa.