The rupee was trading strong by 28 paise at 62.16 against the dollar at 4.03 p.m. local time.
The rupee gained 16 paise to 62.28 against the dollar in the opening trade against the previous close of 62.44 on the back of weakness in the dollar index.
On the domestic front, markets would be keenly awaiting the WPI data which is scheduled to be released today.
According to Abhishek Goenka, Founder and CEO of India Forex Advisors, the overall trend in rupee is bearish where 62.14 is the strong support level for the USDINR pair.
Call rates, G-secs
The inter-bank call money rate, the interest rate at which banks borrow money from each other to overcome short-term liquidity mismatches, opened flat against the previous close of 9.10 per cent.
Yield on the benchmark 8.83 per cent Government security, maturing in 2023,softened to 8.84 per cent from 8.86 per cent. Bond prices rose to ₹99.85 from the previous close of ₹99.75.
