The Indian rupee today touched a two-month high of 47.44 against the $ in early trade on increased capital inflows amid expectations that the local bourses would open on a strong note.
At the Interbank Foreign Exchange (Forex) market, the domestic unit appreciated by 19 paise to 47.44 a $ against its previous close of 47.63.
Forex dealers said increased capital inflows as stock markets are ruling higher and expectations that they would again open on a strong note led to the rise in the local unit.
Weakness in the dollar overseas also boosted rupee sentiment, they said.