The Indian rupee reversed course after a positive start on Friday. After closing at 60.13-14 on Thursday, the partially convertible rupee traded at 60.30 as of 09.54 a.m. It had earlier pulled back to 60.02 in early trades.
A dealer told Reuters that the rupee is likely to trade in a 59.70-60.30 band today.
Asian currencies were marginally weaker against the U.S. dollar. The U.S. dollar rallied broadly on Friday after the European Central Bank and the Bank of England blindsided markets with decidedly dovish policy guidance, leaving the U.S. Federal Reserve as the only major central bank with any inclination to rein back stimulus.
Unilever's open offer for HLL, which closed on Thursday, likely resulted in inflows of $3.2 billion based on shares tendered, dealers said.
(With inputs from Reuters)
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