The rupee on Friday closed flat at 49.27/28 against the American currency after dollar demand from importers, mainly oil refiners, pulled down the local currency from its intra-day high levels. Sustained capital inflows too aided the sentiment, a Forex dealer said, adding that dollar demand, tracking oil movement in New York, refiners went up. At the Interbank Foreign Exchange market (Forex), the domestic unit touched a high of 49.1550 intra-day amid a smart rally in local stocks. Soon, it fell to a low of 49.35 on strong demand for the U.S. currency. A later dollar selling by exporters on hopes of a further fall in its value in global markets improved the rupee sentiment towards the close of trade. Dollar index was trading nearly flat with negative bias on increased hopes for a deal on a Greek bailout next week. The dollar index of six major rivals was up by nearly a mere 0.05 per cent in European market.

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