Sentiment Cautious In Forex Mart

The rupee ended flat at a 13-month closing high of 47.8000/8050 per dollar. Dollar buying by state-owned banks prevented the rupee from piercing the 47.80 mark. Forward premiums eased on profit taking by banks.

Subdued mood in money market

Gilt prices, after falling initially by about a rupee, recovered to close at the previous day