The rupee opened the day stronger against the dollar as worries that the US Federal Reserve would hike interest rates earlier than expected eased. The currency opened the day stronger at 60.97, as against its Tuesday close of 61.06.
The rupee has fallen sharply on Tuesday as stock markets in India sank following worries that the US Fed would hike interest rates. US Fed officials conclude a two-day policy meet later today and the outcome would be known on Thursday morning in India.
The currency is expected to remain steady in trade today. Check currency rates here