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The Indian rupee opened marginally lower at 64.79 per dollar on Tuesday against previous close 64.74.
Vivek Rajpal of Nomura said, "The environment is constructive on INR. Exports pick-up provides some cheer/relief to the economy at large."
"Fiscal deficit is a concern from a medium-term perspective. But, if fiscal deficit largely remains under control, then INR should continue to perform well in the medium term," he added.
The dollar held gains against the yen and euro, supported by a rise in Treasury yields following a report that US President Donald Trump was favoring a policy hawk as the next head of the Federal Reserve.
Markets also took heart from Trump's conference where he reiterated that reforms to tax policy would be completed by year-end.
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