The Indian rupee opened flat on Monday at 71.70/$ vs. Friday's close of 71.72/$.
The local unit extended gains for the third straight session on Friday to settle 12 paise higher at 71.72/USD owing to easing trade tensions between the US and China.
The Sensex and Nifty were trading in the red, with the latter just holding on to the key 10,900 level.
Meanwhile, Asian markets are trading mixed on Monday.
Further, Fed Chairman Jerome Powell said on Friday that the central bank will continue to act “as appropriate" to ensure expansion in the world’s largest economy. Brent crude rose above $61/bbl on improved risk sentiment.
The dollar traded off its one-month peak of 107.235, reached late last week.
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