The Indian rupee opened marginally lower by 3 paise at 71.24 per dollar vs. Wednesday's close of 71.21/$. On the economy front, the Reserve Bank of India's (RBI) sixth bi-monthly monetary policy statement for 2019-20 will be out later today.
The local unit on Wednesday ended higher at 71.21 against the US dollar.
Meanwhile, Asian markets edged up this morning and gold held steady while the dollar stood tall after the release of positive economic data.
Besides, foreign institutional investors (FIIs) bought shares worth Rs248.94cr, and domestic institutional investors (DIIs) purchased shares of worth Rs262.75cr, as per provisional data available on the NSE showed.
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