Indian rupee has appreciated on Tuesday against US dollar. Indian currency gained 5 paise or 0.08 percent against dollar to trade at 61.31.Rupee has witnessed a high of 61.28 and a low of 61.34. Its 52-week range was 58.34-63.91.

The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, fell 0.07 percent to trade at 84.89.

ICICIdirect expects the US dollar to garner buying support on declines against the rupee. ''Utilize declines in the USD/INR October contract to buy. Buy USD/INR October futures in the range of 61.10-61.20 with target 61.35-61.55.''

''In the currency futures market, the most traded dollar-rupee October contract on the NSE closed at 61.45. The October contract open interest was down 6.15% from the previous day.''