The rupee opened stronger early on Wednesday, riding on a wave of strong dollar flows into local debt and equities.
* Recent measures by the government to raise the ceiling on foreign investment in debt and higher interest rates on deposits by non-resident Indians are helping the rupee, traders said.
* A government decision on Tuesday to raise the import duty on gold and silver would also help the currency, traders said.
* At 9 am, the rupee opened at 50.70 to the dollar. It closed up 1.24% on Tuesday at 50.73/74 after hitting a two-month high of 50.70 during trade.