Rupee opens 16 paise higher against US dollar

The domestic unit on Monday recovered from day's low levels to close flat at 70.94 helped by foreign fund inflows into equities and lower global crude oil prices.

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SI Reporter New Delhi

2 min read Last Updated : Nov 07 2019 | 6:42 AM IST

The rupee on Tuesday opened 16 paise higher at 70.78 against the US dollar. The domestic unit on Monday recovered from day's low levels to close flat at 70.94 helped by foreign fund inflows into equities and lower global crude oil prices.

According to provisional data, foreign investors pumped in Rs 2,684 crore on a net basis in capital markets on Monday.

Investors were concerned over the renewed trade worries after the US said that it did not expect any trade deal with China before 2020, dealers said. US President Donald Trump said that he was not looking at a

Topics : US Dollar Indian rupee Rupee vs dollar

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