Mumbai: The rupee today ended flat today at 59.90 against the dollar after surrendering initial gains on mild dollar selling by exporters.
At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced higher at 59.80 a dollar from last weekend's close of 59.91.
It shot up further to touch an eight-month high of 59.50 on sustained capital inflows. Dealers said initial dollar selling by exporters and strong local equities helped the local currency rise.
It finally ended at 59.90, showing a mere gain of a paisa from its previous close with exporters selling dollar.
The BSE benchmark index today gained 105.05 points to end the day at new high of 22,551.49. Foreign institutional investors (FIIs) bought shares worth anet Rs 385.66 crore yesterday, as per provisional data from stock exchanges.