The rupee on Monday rose by 10 paise to close at 71.30 (provisional) against the US dollar amid easing crude oil prices and weakening of the American currency in the overseas market.
Forex traders said while weak dollar and easing crude oil prices supported the rupee, heavy selling in domestic equities weighed on the local unit and restricted the upmove.
At the interbank foreign exchange market, the local currency opened on a positive note at 71.36. During the day, it saw a high of 71.28 and a low of 71.43.
The Indian currency settled higher by 10 paise at 71.30, according to provisional market data. The domestic unit had settled at 71.40 against the American currency on Friday.