Rupee rallied to a two-month high of 60 rupees 92 paise against the US dollar in late morning deals today on persistent selling of the US dollar by banks and exporters on the back of sustained capital inflows from foreign funds. The domestic currency resumed higher at 61 rupees 19 paise per dollar as against the last closing level of 61 rupees 23 paise at the Interbank Foreign Exchange Forex Market. A Forex dealer said, the sustained foreign capital inflows from foreign funds in view of strong domestic market mainly boosted the rupee value against the dollar.