The Indian rupee opened higher by 5 paise at 63.97 per dollar on Wednesday versus 64.02 Tuesday.
Pramit Brahmbhatt of Veracity said, "On back of poor US economic data, the rupee will trade with a positive bias. Moreover, the dollar index has weakened."
"We expect the USD-INR pair to trade in a range of 63.80-64.20," he added.
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The US dollar turned positive against a basket of major rivals after touching its lowest level in over 2 years as traders brushed aside concerns surrounding a North Korean missile launch over Japan.
The rally in haven assets such as the Swiss franc and the Japanese yen slowed.
The Indian rupee opened higher by 5 paise at 63.97 per dollar on Wednesday versus 64.02 Tuesday.
Pramit Brahmbhatt of Veracity said, "On back of poor US economic data, the rupee will trade with a positive bias. Moreover, the dollar index has weakened."
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