The Indian rupee opened higher by 3 paise at 70.89/$ on Wednesday vs. its previous close of 70.92/$.
On Tuesday, the rupee ended 12 paise higher at 70.92/$ amid easing crude oil prices and weakening of the USD vis-a-vis major global peers.
Oil prices slipped on Wednesday after data showed a surprise rise in US crude inventory amid uncertainty regarding a fresh round of US tariffs on Chinese goods which is due to take effect on Dec 15.
Meanwhile, benchmark Indian indices traded higher today led by media stocks, with all sectors in the green.
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