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Rupee gains to 59.20 on Unilever open offer related inflow: report
01 Jul 2013, 11:02 AM IST
The rupee gained on talk of inflows related to Unilever's open offer for the Indian unit, dealers said.
The pair traded at 59.24/25 versus 59.52 intraday low and 59.385/395 close on Friday.
Unilever's $5.4 billion open offer for Hindustan Unilever commenced on June 21.
Dealers said some declines in the pair may also be position unwinding ahead of Unilever flows.
Copyright Thomson Reuters 2013
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