Rupee trims some losses, down 15 paise against USD
Brent crude oil rose to the highest level in four years after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump for action to raise global supply.
"Recovery in local equities is lending some support to the rupee," a dealer said.
Overseas, the US dollar was higher against its major peers in early Asian trade as investors looked to policy clues from the US Federal Reserve, which is widely expected to hike rates this week, even as the US-China trade dispute kept markets cautious.
Meanwhile, the 30-share BSE Sensex was trading higher by 116.14 points, or 0.32 percent, at 36,421.16 at 1050 hrs.