Indian rupee opens higher at 61.03 per dollar

The Indian rupee gains marginally in the early trade on Tuesday. It has opened at 61.03 per dollar versus previous day's closing of 61.13 a dollar.

The US dollar holds steady with investors reluctant to do much as they wait for fresh guidance on interest rates from the Fed, while the Australian dollar rebounded from a six-month trough. The dollar index is little changed at 84 mark.

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Ashutosh Raina of HDFC Bank said, "Markets await the outcome of the crucial 2-day FOMC meet and the Scottish referendum.”

“We had poor IIP and CPI data but a better than expected WPI also failed to cheer the markets. Expect the rupee to trade in a narrow range of 60.80-61.50/dollar till the outcome of the FOMC meeting,” he added.