The rupee ended flat on Tuesday as modest portfolio inflows and intermittent dollar sales from state-run banks helped cushion the impact from weak global equities and regional currencies.

The rupee closed at 88.6050 against the US dollar, nearly unchanged from its close at 88.63 in the previous session.

Asian currencies were down between 0.1% and 0.4% while MSCI’s gauge of regional stocks fell over 2%, tracking an extended selloff on Wall Street overnight as investors turned cautious ahead of a key earnings report and a deluge of US economic data.

Futures indicated that US stocks were set to open modestly lower.

India’s benchmark equity indexes, the BSE Sensex and Nifty 50 ended the day a tad lower but fared better than their regional counterparts.

The rupee was influenced by both por

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