Rupee higher on talk of inflows related to Unilever open offer

Reuters Market Eye - The rupee gains on talk of inflows related to Unilever's open offer for the Indian unit, dealers say. The pair is at 59.24/25 versus 59.52 intraday high, 59.385/395 close on Friday.

Unilever's $5.4 billion open offer for Hindustan Unilever commenced on June 21.

Dealers say some falls in the pair may also be position unwinding ahead of Unilever flows.

(Reporting by Subhadip Sircar)