Rupee gives up gains to trade flat on day

Reuters Market Eye - The rupee gives up all gains to trade flat on the day at 59.70/71 versus Monday's close of 59.72/73 as there are no fresh dollar inflows into the market, traders say.

They add there is good demand for the greenback from importers and corporates, with both state-run and foreign banks seen buying the dollar.

The pair is seen moving in a range of 59.40 to 59.90 during the rest of the session.

The domestic share market will be watched for cues on foreign fund flows.

(Reporting by Swati Bhat)