Rupee opened lower at 95.54 levels, against yesterday’s closing of 95.36 levels. Equity market benchmarks are trading about 0.5% higher in opening trades.

DXY eased to trade at 99.91 level after on easing war fears after White House official was quoted as saying that Iran has agreed to forego its nuclear weapons. Crude oil prices are down more than 3.3% on the day. The sentiment is however fragile as US retaliated against Iran after its Apache copter was downed, though Iran has denied any roles.

Meanwhile, data releases overnight suggested that the US economy continues to demonstrate resilience.