The rupee loses as dollar demand is seen from oil importers and for defence requirements, says a dealer. The pair is at 60.32/33, off the 60 intraday low, versus last close at 60.13/14.
Local shares gain 0.9 percent, with the Nifty trading above 200-DMA.
Unilever's open offer for HLL, which closed on Thursday, likely resulted in inflows of $3.2 billion based on shares tendered, dealers said.
Fixing-related USD buying also helping pair