The Indian rupee advanced by 17 paise to climb to over two-month high of 72.60 against the US dollar on Thursday, tracking upbeat Asian peers and positive domestic equities.
At the interbank forex market, the local unit opened at 72.75 against the greenback and witnessed an intra-day high of 72.53 and a low of 72.76.
It finally ended at 72.60 against the American currency, registering a rise of 17 paise over its previous close.
On Tuesday, the rupee had settled at 72.77.
Forex market was closed on Wednesday on account of Buddha Purnima.
"The Indian rupee appreciated for the second straight session against the dollar, tracking gains in the Chinese Yuan. The Reserve Bank of India (RBI) also remained away from the spot market from accumulating dollars and this also aided the rupee’s gain," said Sriram Iyer, Senior Research Analyst at Reliance Securities.