The Indian rupee opened higher on Monday as local shares are expected to rise, following leads from regional stocks, raising expectations of capital flows that would support the currency.
At 9:06 am, the partially convertible rupee was at 49.90/92 compared with Thursday's close of 50.00/02, its strongest close since February 25.
The market was closed on Friday for a holiday. Nifty futures traded in Singapore were up 1 percent.
Offshore one-month rates were quoting at 48.98/50.08 per dollar, slightly weaker than the onshore spot rate.