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Our Bureau

Mumbai, Dec. 19

The rupee ended flat against the dollar on Tuesday. The home currency opened at 44.79/80, to finally close at 44.75/76 against Monday's close at 44.73.50/74.50. "The weakening of domestic stock markets impacted the rupee," said a dealer at a private bank.

In a move to arrest volatility in Thai Baht (Baht was steadily appreciating against the dollar), Thailand's Central Bank has imposed currency controls. The market feels the move may lead to outflow of dollars from Asian markets, including Indian market, impacting the rupee, said the dealer. The dollar weakened against the overseas currencies. In forwards, the six-month closed at 2.98 per cent (2.96 per cent) and the 12-month ended at 2.55 per cent (2.56 per cent).

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