Reuters Market Eye - The rupee is trading at 61.99/62.01 versus its close of 62.12/13 on Friday as gains in the domestic sharemarket and some dollar inflows aid.
Traders say two foreign banks seen selling the greenback, pushing the pair below the 62 mark, but good buying seen from importers around those levels.
The BSE Sensex is up 0.4 percent, touching its highest intra-day level since January 29.
The rupee is seen holding in a 61.90 to 62.20 range in the rest of the session.
(Reporting by Swati Bhat)