The Indian rupee opened higher on Tuesday after US equities climbed to record highs amid optimism over Sino-American trade. The local unit opened at 5 paise higher at 71.68/$ vs. previous close 71.73/$.
The rupee on Monday closed in the negative territory by 3 paise at 71.74 per US dollar in-line with weaker key global currencies against the greenback.
On the equities front, indices opened at a record high, with the Sensex surging 212 points to trade at 41,102. The Nifty50 is up 52 points at 12,123.
Elsewhere, Asian equities
soared on Tuesday with news on trade talks of Beijing with Washington adding to signs of progress. US benchmarks also recorded new highs.
Oil prices were steady above $63/bbl on Tuesday after positive trade comments from the US and China added to the optimism.