Mumbai: The rupee opened marginally lower by 9 paise to 71.03 against the US dollar in opening trade on Monday, as rising crude oil prices and concerns regarding US-China trade war kept investors edgy.
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The rupee had settled at 70.94 against the US dollar on Friday. The local unit however pared the initial loss and was trading flat at 70.94 against the US dollar at 1012 hours.
The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.04 per cent to 98.47.
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Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 35.78 crore on Friday, as per provisional data.
Domestic bourses opened on a bullish note on Monday with benchmark indices Sensex trading 774.19 points higher at 38,788.81 and Nifty up by 245.45 points at 11,519.65. (PTI)
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