The rupee on Thursday opened 26 paise higher at 71.86 against the US dollar amid rise in Asian equities and over 4 per cent jump in the oil prices in the overnight trade.
The domestic unit on Wednesday gained 27 paise to settle at 72.12 in line with a recovery in domestic equities.
Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 2,016.20 crore on Tuesday, provisional exchange data showed.
Rupee gained on Wednesday after dollar fell against its major crosses following weaker-than-expected manufacturing PMI from the US, said Gaurang Somaiya, Research Analyst (Currency) at