The Indian rupee is expected to open higher on Wednesday, aided by a weaker dollar following soft U.S. inflation data and on expectations that the one-off outflow seen in the prior session may not repeat.

Rupee gains against US dollar on positive macroeconomic data, domestic equities, and weaker American currency, supported by risk-on sentiment.

The Indian Rupee opened 28 paise stronger at 85.07 against the US Dollar on Wednesday, following its previous close at 85.35 a dollar on Tuesday, according to Bloomberg. Anil Kumar Bhansali, head of treasury and executive director at Finrex Treasury Advisors LLP,