The rupee is trading at 60.10/11 versus its previous close of 60.0925/1025, as dollar demand from importers hurts the Indian unit.
The rupee earlier hit 59.98, its highest level since July 14 on the back of rejig in foreign investment limit in government debt and continued foreign fund inflows.
The Nifty is trading flat, and will be monitored for clues on foreign fund flows.
The rupee is seen in 59.90 to 60.20 range during the day.
(Reporting by Swati Bhat)