The rupee was trading marginally strong at 61.85 against the dollar at 3.29 p.m. local time on mild dollar selling by banks and exporters.
The domestic unit opened flat at 61.90 against the dollar on Wednesday after it ended the session weak on Tuesday due to dollar demand from importers and banks.
According to analysts, the rupee has not seen any strengthening despite weakness in the dollar index.
The inter-bank call money rate, the rate at which banks borrow short-term money from each other, opened higher at 8.10 per cent from the previous close of 8.20 per cent.
Yield on the benchmark 8.83 per cent government bond, maturing in 2023, hardened to 8.59 per cent from Monday’s close of 8.51 per cent. Prices declined to Rs 101.51 from Rs 101.79.
