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The rupee on Tuesday gained 18 paise to close at more than two-month high of 69.71 against the US dollar propelled by foreign capital inflows and a weaker greenback in overseas markets.
Dollar selling by exporters and banks also supported the domestic currency, forex dealers said.
At the Interbank Foreign Exchange, the rupee opened at 69.73 and advanced 25 paise to 69.64 on strong gains in equity markets.
Later, it trimmed some of the gains to end up by 18 paise or 0.26 per cent at 69.71, the highest closing level since January 1. The rupee had gained 25 paise Monday.
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