The Indian rupee opened on a flat note and surged higher by 3 paise to 72.94 against the US dollar in early trade on Thursday as investors looked to key US inflation data and European Central Bank meeting later in the day for further cues.
At the interbank foreign exchange, the rupee opened at 72.96 against the dollar, then inched higher to 72.94, registering a gain of 3 paise over its previous close. The rupee also touched 72.98 against the American currency in initial deals. On Wednesday, the rupee had settled at 72.97 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.10 percent to 90.21.
Crude Oil: Global oil benchmark Brent crude futures fell 0.73 percent to USD 71.69 per barrel.
Stock markets: On the domestic equity market front, BSE Sensex was trading 190 points higher at 52,132, while the broader NSE Nifty rose 61 points percent to 15,692.35 during mid-session.
FPIs: Foreign institutional investors were net sellers in the capital market last trading day as they offloaded shares worth Rs 846.37 crore, as per exchange data.