The Indian rupee opened higher in the early trade on Thursday. Rupee has gained 3 paise at 64.87 per dollar versus 64.90 Wednesday.
Mohan Shenoi of Kotak Mahindra Bank said, “Macro data emanating from US continues to be robust keeping the dollar strength intact. The rupee is resilient on the back of FII flows into bonds and equity.”
“We expect the USD-INR to trade in a range of 64.80-65.10/dollar for the day,” he added.
The dollar hovered near a one-week high against a basket of currencies, buoyed by a weaker euro which sagged as prospects of the European Central Bank stepping away from monetary easing faded.