The rupee was trading weaker at 60.11, tracking a largely unchanged domestic share market with mixed Asian currencies failing to provide any clear direction.
At its day's high, rupee hit 59.84 per dollar vs its previous close of 59.90.
The BSE Sensex will be watched during the day for cues on foreign fund flows which have been a key factor aiding the rupee in recent sessions.
Expect gains in the rupee to be capped around 59.60 levels as the Reserve Bank of India will likely step up dollar buying around there.
The RBI is suspected to have been buying dollars in recent sessions to shore up its foreign exchange reserves, which now stand at $298.64 billion, their highest since December 2011.
At its day's high, rupee hit 59.84 per dollar vs its previous close of 59.90.
The BSE Sensex will be watched during the day for cues on foreign fund flows which have been a key factor aiding the rupee in recent sessions.
Expect gains in the rupee to be capped around 59.60 levels as the Reserve Bank of India will likely step up dollar buying around there.
The RBI is suspected to have been buying dollars in recent sessions to shore up its foreign exchange reserves, which now stand at $298.64 billion, their highest since December 2011.