The Indian rupee pared initial losses and closed 8 paise higher at 69.07 against the US currency on Thursday, supported by easing crude oil prices and weaker greenback.
However, the rupee movement was confined to a narrow range as forex traders took a cautious approach ahead of the G20 Summit, which is taking place amidst ongoing US-China trade tiff and rising tensions in the Middle East, according to experts.
At the interbank foreign exchange (forex) market, the domestic currency opened at 69.29 a dollar and touched a low of 69.32 and a high of 69.07 during the day.
The local unit finally closed at 69.07 against the American currency, up 8 paise over its previous close.
On Wednesday, the rupee had settled at 69.15 against the US dollar.
Brent crude futures, the global oil benchmark, fell 0.99 per cent to trade at $65.83 per barrel.