Research Icon - Rupee opens higher by 17 paise at 71.76/$

The Indian rupee opened higher by 17 paise at 71.76 against the US dollar, boosted by a pullback in crude oil and rebound in the US and regional equities. Besides, traders also awaited the release of the advance estimate of GDP growth for 2019-20 due later today.

The rupee on Monday ended down 13 paise at 71.93 against the US currency.

As per media reports, US President Donald Trump is confident that he could still renegotiate the 2015 nuclear deal with Iran, despite the killing of Iran's senior military commander Qassem Soleimani, White House advisor Kellyanne Conway said on Monday.

Brent crude futures stood at $68.91 a barrel, while US crude fell 32 cents to $62.95/bbl. Further, gold held firm at $1,563.50/ounce after scaling near a seven-year peak of $1,579.72 overnight.

Besides, net foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs103.84cr and DIIs were net sellers to the tune of Rs23.70cr, as per data available on NSE.

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