Rupee fails to maintain gains, trading at 45.59/60 against USD

Mumbai, Feb 7 (PTI) The Indian rupee failed to maintaininitial gains and was trading flat at Rs 45.59/60 against theUS dollar in early trade on the Interbank Foreign Exchangetoday amid mild dollar demand from banks and corporates.

The domestic unit opened lower at 45.61/62 per dollar asagainst last weekend''s close of 45.59/60 per dollar, butfirmed up immediately to 45.53 per dollar.

However, it failed to maintain the initial gains and wasruling steady at Rs 45.59/60 per dollar after moving in atight range between Rs 45.53 and Rs 45.62 per dollar inmorning deals.

The dollar extended its gains in the New York market lastFriday following a mixed US jobs report that showed a declinein unemployment picture, but disappointing growth in payrolls.

Meanwhile, the Indian benchmark Sensex was trading higherby 49 points, or 0.27 per cent, in early trade today.