The rupee was trading strong by 9 paise at 62.07 against the dollar at 11.28 a.m. local time.
The domestic unit gained 14 paise to 62.02 per dollar in the opening trade against the previous close of 62.16 on the back of a modest rally in the domestic equity market.
According to analysts, the Indian rupee is likely to remain in the range of 61.50 to 63 per dollar in the short-term due to month-end dollar demand for the currency.
Call rates, G-Secs
The inter-bank call money rate, the rate at which banks borrow short-term funds from each other, opened a tad weak at 8.75 per cent against the previous close of 8.65 per cent.
The widely traded 8.83 per cent government security, which matures in 2023, remained flat against the previous close of Rs 99.60.
Yields on the security hardened to 8.88 per cent from 8.89 per cent. Bond prices and yields move in the opposite direction.
