Rupee falls; large state-run bank buying dollars

Reuters Market Eye - The rupee falls on dollar bidding by a large state-run bank, likely related to government's defence payments. The Indian unit at 59.385/395, off 59.17 high, versus 59.51/52 close on Monday.

The BSE Sensex was down 0.1 percent.

INR got some initial leg-up from rumoured flows from Unilever's $5.4 billion open offer for Hindustan Unilever , which commenced on June 21.