Indian rupee in Monday's trade opened higher at 70.37, up 19 paise after closing at 70.56 in the previous session.
In the previous session, rupee hit a 2-month high as crude oil prices dropped after Saudi Arabia has agreed on a temporary ceasefire in Yemen.
The central bank has advised on having a flexible liquidity framework such that when the need be there is provided ample liquidity.
Also, the dollar has remained well-supported after the risks owing to the long US-China trade war has eased a bit. Nonetheless, higher gains remained capped due to the impeachment inquiry against the US President Donald Trump.
Oil in the session also recovered from its 2-week low, nonetheless the sentiment remained in check due to global growth concerns. US WTI crude futures rose 14 cents, or 0.3 percent to $56.05 a barrel. Brent crude futures rose 21 cents, or 0.3 percent, to $62.12 a barrel, having dipped as low as $60.76 a barrel on Friday when prices fell 1.3 percent.
Meanwhile, trend on the SGX Nifty indicate a flat to negative opening for the Indian indices.