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Our Bureau

Mumbai, Feb. 27

The rupee traded flat against the dollar on Tuesday ahead of the Union Budget. The rupee opened at 44.18, moved in the range of 44.15-44.22 and closed at 44.21, against the previous close of 44.20/2050 on Monday.

"There were some good dollar inflows in the domestic equity markets, which pushed up the rupee to 44.15 in the early trade sessions," said a dealer at a private bank. "However, the RBI bought dollars and pushed down the rupee to 44.22," he said. The six-month forward premia closed at 3.41 per cent (3.24 per cent) and the one-year ended at 3.11 per cent (3.01 per cent).

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