New Delhi, Feb. 25 -- The Indian rupee ended nearly flat on Wednesday as dollar demand spurred by maturing contracts in the non-deliverable forwards market blunted positive impulses from modest inflows and gains in Asian peers.

Despite expectations of elevated dollar demand related to NDF maturities this week, appetite to wager against the currency has also dulled due to expectations that the Reserve Bank of India will intervene to curb sharp falls.

On the day, the rupee closed at 90.9475 against the dollar, nearly unchanged from its close of 90.95 in the previous session.

State-run banks were intermittently spotted selling dollars above the 90.95 mark, a trader at a large private lender said.

"The 90.60-90.80 range continues to act a...