The rupee is trading at 60.77/78 versus its close of 60.61/62 on Wednesday. The US dollar is trading at 11-month highs against a basket of major currencies after minutes of the Federal Reserve's July meeting sounded slightly hawkish. Dollar's index versus six majors is up 0.05%. Traders will monitor flows into the debt and share markets for direction. The Nifty is up 0.03%.