Rupee opens marginally higher at 69.37 against US dollar

The domestic unit on Monday fell by 18 paise to close at 69.40, as renewed trade war worries following US President Donald Trump's threat to raise tariffs on Chinese imports spooked investors.

The rupee on Tuesday opened 3 paise higher at 69.37 against the US dollar amid decline in crude oil prices. The domestic unit on Monday fell by 18 paise to close at 69.40, as renewed trade war worries following the US President Donald Trump's threat to raise tariffs on Chinese imports spooked investors and triggered flight of capital to safe bets.

Foreign investors were net sellers in capital markets Monday selling assets worth Rs 948 crore on a net basis, provisional exchange data showed.

There is an expectation that the Chinese representatives may backtrack on substantial commitments it made during trade talks