Business Standard

Rupee higher on talk of inflows related to Unilever open offer

Image

Reuters

Reuters Market Eye - The rupee gains on talk of inflows related to Unilever's open offer for the Indian unit, dealers say. The pair is at 59.24/25 versus 59.52 intraday high, 59.385/395 close on Friday.

Unilever's $5.4 billion open offer for Hindustan Unilever commenced on June 21.

Dealers say some falls in the pair may also be position unwinding ahead of Unilever flows.

(Reporting by Subhadip Sircar)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 01 2013 | 11:00 AM IST

Explore News