The rupee on Thursday snapped its last two days of gains against the American currency and ended marginally down by one paise at 53.81 per dollar on fresh dollar demand from importers amidst firm dollar in overseas market.
The rupee resumed higher at 53.69 per dollar against the previous close of 53.80 per dollar at the Interbank Foreign Exchange (Forex) Market and firmed up further to a high of 53.67 per dollar on selling of dollar by banks and exporters on the back of sustained capital inflows from foreign funds.
However, it declined afterward to 53.95 per dollar before finishing at 53.81 per dollar from its last close of 53.80 per dollar, showing a marginally loss of one paise on fresh dollar demand on the back of higher dollar in overseas market.
It had gained by 57 paise, or 1.04 per cent, in previous two days.