The rupee is trading at 60.04/05 versus its close of 60.16/17 on Friday, with losses in the dollar against other Asian peers and gains in the domestic share market helping sentiment for the Indian unit.
The rupee hit a high of 60.00 earlier, its lowest since April 9.
Traders expect the USD/INR pair to see strong support at 60 levels, which if broken can take the pair to 59.80, they say.