The Indian rupee opened marginally higher at 71.48 per dollar on Thursday vs. its previous close of 71.53/$. Investors will watch out for the outcome of the Monetary Policy Committee (MPC).
The local unit closed higher by 13 paise at 71.53 to the US dollar on renewed hopes about the US-China trade deal.
According to media reports, US President Donald Trump said that trade talks with China were going "very well," sounding more positive than on Tuesday when he said a trade deal might have to wait until after the 2020 US presidential election.
Besides, foreign institutional investors (FIIs) sold shares worth Rs781.06cr, while domestic institutional investors (DIIs) bought shares of worth Rs904.13cr, as per provisional data available on the NSE showed.
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