Earlier in the day, the rupee breached 61 level and went up to 60.92 a dollar.
Mumbai: The rupee closed higher by 5 paise or 0.08 per cent at 61.17 against the US dollar on Thursday.
Earlier in the day, the Indian rupee opened higher at 61.02 per dollar on Thursday as against previous day's closing value of 61.22 a dollar. It immediately breached 61 level and went up to 60.92 a dollar.
Mohan Shenoi, Kotak Mahindra Bank said continued custodial flows into stock markets should keep rupee well supported.
According to him, the range for the rupee is seen between 61-61.30/USD on Thursday.
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