Rupee in Wednesday's trade opened higher at 69.67 versus the previous close of 69.71.
After the exit poll verdict was released on Sunday, rupee jumped to make strong gains and the most bullish forecaster on the Indian currency is of the view that the currency might scale up to 67 per dollar, outperforming its major Asian peers, in an event if the exit polls come to be true.
Volatility for the currency is expected to increase in the later half today, so far the rupee has managed to stay rangebound ahead of the 17th Lok Sabha election results due to be announced tomorrow.
Also, the dollar has gained after the US temporarily eased restrictions of China's Huawei.
Meanwhile, stock indices also gained, with Sensex inching higher by 150 points and Nifty gaining 35 points to scale past 11750 points.