The Indian rupee has recovered from the day's low and trading marginally lower at 71.15 per dollar, with domestic equity market ended flat in today's trading session. It opened flat at 71.13 per dollar against previous close 71.12. On Friday, the rupee ended 9 paise lower at 71.12 against the US amid a steady rise in crude oil-prices and strengthening of the greenback overseas.

The rupee reversed all its early gains and settled 17 paise down at 71.00 against the US currency on Monday, following rising crude-oil-prices and fag-end selling in domestic equities. Forex-traders said the rupee ended the day in the negative territory after inflows related to Essar steel got completed. At the interbank foreign exchange market, the rupee had opened at 70.80 against the US dollar.

The Indian-rupee on Monday settled 8 paise higher at 71.66 against the US dollar amid participants hoping Reserve-Bank will go for another rate-cut in the ensuing RBI-policy review meet this week. At the interbank foreign exchange, the rupee opened-weak at 71.78 a dollar but soon gathered strength to touch a high of 71.62 before finally settling at 71.66, up 8 paise over its last-closing.