The rupee opened stronger at 62.20 to the dollar, a gain of 20 paise over Wednesday's close of 62.40. Steady global cues and quiet Asian markets has helped rupee stability in the last few days.
Dealers say that the rupee is likely to continue to remain stable against the dollar, given that most of the important cues, including the monetary policy and the US Fed meeting are now behind us.
There is absence of cues for the next few weeks and this may lead to stability of the rupee.
Meanwhile, Indian stock markets are expected to open flat ahead of F&O expiry for September later today. Check rupee rates here
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