The Indian rupee opened higher by 27 paise at 71.43 against the US dollar, boosted by a slump in crude oil prices and upbeat risk appetite after US President Donald Trump indicated no military action in response to Iran’s attack on US forces in Iraq. The local unit on Wednesday settled  higher by 12 paise at 71.70 against the US dollar.

On the international front, Asian stocks rebounded and oil edged up on Thursday as the US and Iran backed away from the brink of further conflict in the Middle East and investors unwound safety plays.

Besides, foreign institutional investors (FIIs) sold shares worth Rs515.85cr, whereas domestic institutional investors (DIIs) bought shares of worth Rs748.4cr on Wednesday, as per provisional data available on the NSE showed.

Back home, the Sensex was up 452 points or 1.11% at 41,270, and the Nifty up 136 points or 1.13% at 12,162.

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