Mumbai, November 11: In a lacklustre trading, the rupee today ended flat for the second straight day at 44.31/32 against the US currency despite firm dollar overseas and steep fall in local equities.
At the Interbank Foreign Exchange (Forex) market, the domestic unit opened better at 44.25/27 a dollar from its previous close of 44.30/31.
It immediately touched a high of 44.24 on mild dollar selling by exporters and some banks amid sustained capital inflows. Foreign Institutional Investors (FIIs) infused a record USD 28.66 billion in 2010 till November 10.
However, stronger dollar overseas and steep fall in local equities weighed on the rupee in later part of the day and it fell back to a low of 44.3450 before concluding at 44.31/32.
The dollar index, consisting six major currencies, was up by 0.22 in afternoon in European market.
–Agencies