The rupee opened marginally higher at 60.63 to the dollar in early trade. The currency had closed at 60.68 on Tuesday.
A steady trend in global equity markets and a surge in capital inflows into Indian stocks has contributed to sharp gains in the rupee in the last two-weeks. Dealers say the currency is likely to trade in a range and the RBI may mop-up dollars to prevent sharp gains in the rupee.
The rupee has recovered from a low of Rs 68.86 against the dollar seen last year to the current levels on the back of a fast improving current account deficit. Check currency rates here
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