Indian rupee seen opening stronger against US dollar from its Monday close of 60.07/08, tracking gains in the dollar against other Asian currencies.
Asian currencies are trading mixed against the dollar, with most weaker. See for a snapshot.
Also, overseas investors sold shares worth $93.04 million on Monday, as per provisional NSE data.
Traders expect the market to remain range-bound, with technicals indicating the pair may not breach the 59.85-60.45 range in the immediate term.
Asian shares rose on Tuesday after Citigroup's earnings and a fresh round of merger and acquisition activity in the U.S. healthcare industry lifted global share prices.
The pair is trading at 60.18 in the offshore non-deliverable forwards spot trade in Singapore.