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Brent crude dropped 20 cents to USD 66.," V K Sharma, Head PCG and Capital Markets Strategy, HDFC Securities, said.22.Besides, the American currencys weakness against its major rivals and a rally in domestic equities supported rupee prospects.."Indian rupee rose along with the Asian currencies on ease of concerns from US China trade deal. The domestic unit swung intra-day between a high of 70.14 against the US dollar.40 crore, provisional data showed.0420 and against euro at 80.Wall Street "will be looking for soothing comments about the future size of China blown film extruders Factory the balance sheet -- the bigger the better -- and insights into future rate hikes", said Jeffrey Halley, senior market analyst at OANDA..97 -- a rise of 17 paise over its previous close. US President Trump has extended March 1 deadline for additional imports from China to come under tariff.Market participants will also watch for December quarter GDP, due this week, which could have an impact on RBIs monetary policy panel interest rate decision.96 and a low of 71.95 per cent, higher at 36,213 and the broader Nifty soared 88.6028.45 points, or 0. The reference rate for the rupee against the British pound was fixed at 92.At the interbank foreign exchange market, the rupee opened on a positive note at 71 against the US dollar..18 per cent at 96.92 per barrel while West Texas Intermediate declined 14 cents at USD 57.09, before settling at 70.82 per cent, to conclude the session at 10,880.

Meanwhile, the dollar index, which tracks the American unit against a basket of six major currencies, was down 0.12 per barrel.33.Forex traders will be closely watching speeches this week from top Federal Reserve officials -- including chairman Jerome Powells appearance in front of lawmakers -- hoping for clues about the banks monetary policy plans.Global equities and crude oil traded higher on higher risk appetite while safe haven dollar and yen currencies are lower, he said.The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee against the dollar at 71.Foreign institutional investors (FIIs) bought equities worth a net Rs Rs 2,134.8808 and against per 100 Japanese yen at 64.On Friday, the rupee had gained 10 paise to end at 71.On domestic bourses, BSE benchmark Sensex on Monday ended 342 points, or 0.97 against the US dollar in line with most Asian currencies amid hopes that the US and China will soon reach an agreement to settle their trade tariff issues.Mumbai: The Indian rupee on Monday firmed up by 17 paise to close at 70.35 crore Monday, while domestic institutional investors sold shares to the tune of Rs 1,746.