Rupee flat in morning trade

The rupee is trading at 60.45/46, little changed from its its Friday close of 60.4650/4750.

The dollar gained against the euro and the yen as investors bet that interest rates were set on a divergent course in the United States, Europe and Japan.

Index of the dollar versus six majors was up 0.23%.

Expectations of RBI intervention capped broader USD/INR gains. The pair is seen largely rangebound for the day.

Overseas investors bought shares worth Rs 302 crore ($49.95 million) on Friday, provisional exchange data showed. They sold a net $82.14 million worth of debt on Thursday.