The rupee is trading at 60.8250/8350 versus Wednesday's close of 60.94/95 after hitting a session high of 60.82.
Traders cite custodian and corporate dollar sales.
Traders to monitor foreign fund flows for direction.
Losses in local stocks to hurt the Indian unit.
The rupee is seen in a 60.60 to 61.10 range until close.
(Reporting by Neha Dasgupta)