MUMBAI: The Indian rupee appreciated by 17 paise to 71.67 against the US dollar in early trade on Friday.
At the interbank foreign exchange, the rupee opened at 71.87, then gained further ground and touched a high of 71.67, registering a rise of 17 paise over its previous close.
On Thursday, the rupee had settled for the day with gains of 28 paise at 71.84 against the US dollar.
However, the domestic unit could not hold on to the gains and was trading at 71.73 against the dollar at 0949 hrs.
Domestic bourses opened on a positive note on Friday with benchmark indices Sensex trading 153.43 points higher at 36,797.85 and Nifty up 44.20 points at 10,892.10.
According to provisional exchange data, Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 561.17 crore on Thursday.
Brent crude futures, the global oil benchmark, rose 0.25 per cent to trade at USD 61.10 per barrel.
The 10-year government bond yield was at 6.59 per cent in morning trade.
With inputs from PTI