The rupee strengthened to near two-month high in morning trade due to dollar flows from custodian banks. At 10:40 am, it was trading at Rs 61.34 compared with previous close of Rs 61.53 per dollar. "If the rupee breaks the Rs 61.25 mark, I see it strengthening further during the day," said a currency dealer. The rupee is also appreciating as economic sentiments are improving in India, said dealers.

Source