Rupee closes high against Dollar at 44.26/27

Mumbai, Jan 19 (UNI) The Rupee closed higher today at 44.26/27 against the US dollar as compared to the previous day's close of 44.33/34, dealers said.

The Indian Rupee rose as exporters sold dollars, but its gains were capped by suspected central bank intervention.

The partially convertible Rupee ended at 44.26/27 per dollar, off an intraday high of 44.25 but firmer than the previous close of 44.33/34.

The Reserve Bank of India (RBI) today fixed the reference rate at Rs 44.34 per US dollar, down by nine paise from it's yesterday's rate of Rs 44.25 per US dollar, an RBI spokesperson said here.

However, the performance of the domestic unit against other currencies was mixed. The Rupee was down against the Euro at Rs 57.34/36 (57.38/40) per unit, it was Rs 87.26/28 (87.40/42) per unit against Pound Sterling, and at Rs 36.46/48 (36.50/52) per 100 units against the Japanese Yen, dealers said.

UNI