In the previous session, the rupee had closed at 72.37 against the US currency.
The rupee opened 3 paise at 72.34 against the US dollar on March 23 due to easing crude oil prices and buying trend in the equity markets.
However, the rupee’s gains were limited as investors stayed on the back of rising US dollar amid outflows of foreign funds.
In the interbank forex market, the local unit opened flat against the US dollar at 72.37, then gained some strength to bid at 72.34, increasing its last close to 3 paise.
The rupee had closed at 72.37 against the US currency in the previous session.
Global oil benchmark Brent crude futures fell 0.94% to $ 64.01 a barrel.
On the domestic equity market front, the BSE Sensex rose 90.66 points or 0.18% to trade at 49,861.95 in early deals, while the broader NSE Nifty rose 32.10 points or 0.22% to 14,768.50.
Foreign institutional investors were net sellers in the capital market on 22 March, as they sold shares worth ₹ 786.98 crore as per exchange data.
The dollar index, which estimates the strength of the greenback against a basket of six currencies, rose 0.16% to 91.88.
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