Mumbai: The rupee on Monday opened lower at 61.22 vs US dollar against Friday's close of 61.07. Rupee had gained for 32 paise to close at a fresh two-month high of 61.07 against the dollar on Friday amid a rise in local equities and sustained capital inflows.
A weak dollar overseas and dollar sales by exporters had also supported the rupee. Analysts said the local currency got a boost on reports that the government is in talks to include Indian debt in global indices.
"The rupee was seen strengthening against the US dollar on account of positive news from the market that the government is in talks with global investment banks for including Indian bonds in global bond indices," said Abhishek Goenka, CEO of India Forex Advisors on Friday.
The benchmark 30-share Sensex had also advanced 255.68 points or 1.26 per cent. Foreign institutional investors bought a net Rs 614.27 crore of shares yesterday, according to provisional data with the stock exchanges.
The dollar index was down 0.15 per cent against a basket of six major global rivals.
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