Rupee opens slightly higher at 70.95/$

The Indian rupee on Tuesday strengthened marginally at 70.95/$ tracking gains in its Asian peers. The 10-year bond yield was at 6.79% compared with the previous close of 6.80%.

The dollar index, which measures the US currency’s strength against a basket of major currencies, was up at 97.099 from its previous close of 97.019.

The rupee on Monday settled lower by 17 paise down at 71 against the US Dollar following rising crude oil prices and fag-end selling in domestic equities.

Besides, the foreign portfolio investors (FPIs) bought shares worth a net Rs728.13cr on December 16, 2019, and domestic institutional investors (DIIs) sold shares worth a net Rs796.38cr, as per provisional data.

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