Rupee falls; large state-run bank buying dollars

The rupee falls on dollar bidding by a large state-run bank, likely related to government's defence payments.The Indian unit at 59.385/395, off 59.17 high, versus 59.51/52 close on Monday.

The BSE Sensex was down 0.1 per cent.

INR got some initial leg-up from rumoured flows from Unilever's $5.4 billion open offer for Hindustan Unilever, which commenced on June 21.

Copyright: Thomson Reuters 2013