The Indian rupee opened marginally higher by 3 paise at 71.30 against the dollar amid a further rebound in crude oil prices and a fall in the number of new virus cases in China.
The local unit on Thursday ended flat at 71.33 against the US dollar.
Besides, foreign institutional investors (FIIs) bought shares worth Rs1,061.39cr and domestic institutional investors (DIIs) sold shares of worth Rs960.48cr, as per provisional data available on the NSE showed.
Meanwhile, the media reports said that the global agency Standard and Poor's has retained India's sovereign ratings at 'BBB-' with a stable outlook, saying the country's GDP is likely to gradually recover towards longer-term trend rates over the next two to three years. 'BBB' rating refers to the adequate capacity to the rated entity to meet its financial commitments.
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