MUMBAI:
The rupee ended flat at 44.2650/2750 a dollar against 44.2850 in volatile trade on Tuesday as dollar demand and supply was well-matched amid indications of sustained capital flows into the buoyant equity markets.
The Indian currency resumed higher at 44.25/27 a dollar and fluctuated in a range of 44.24-44.35 as exporters and importers maintained low profile.
The partially convertible rupee recovered from the low on the back of sustained foreign institutional investment inflows. Oil prices eased in Asian trade and remained at 19-month lows, trading at $52.48
Meanwhile, the Reserve Bank of India fixed the reference rate for the U.S. currency at 44.32 a dollar and for the single european unit at 57.38 per euro. — PTI
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