The rupee opened 14 paise higher at 69.75 on Tuesday amid firm Asian equities and rise in crude oil prices.
The domestic unit on Monday advanced by 25 paise to close at 69.89, in line with a strong rally in domestic equities, reflecting positive investor sentiments amid hopes that the incumbent NDA government will get the second term.
Besides, sustained foreign fund inflows also helped the rupee trade higher.
Today, market will keep an eye on IIP and inflation numbers, due later in the day. Expectation is that inflation in February could inch higher whereas IIP could grow at a slower pace in