Rupee opens marginally higher at 71.32 against US Dollar

The rupee gained 3 paise at 71.32 per dollar vs. previous close 71.35 per dollar.

Nov 28, 2019 03:11 IST India Infoline News Service

rupee
The Indian rupee opened marginally higher after US President Trump signed a bill in support of Hong Kong pro-democracy protestors, a step that could derail trade talks with China. The rupee gained 3 paise at 71.32 per dollar vs. previous close 71.35 per dollar.

The rupee ended 15 paise higher at 71.35/$ on the back of gains in domestic equities and continued foreign fund inflows strengthened investor sentiments.

Meanwhile, Asian share markets wobbled as concerns that tensions over Hong Kong may stymie a US-China trade deal cast a pall over Thanksgiving cheer from positive US economic data.

Further, oil prices fell, extending losses from the previous session after official data showed US crude and gasoline stocks rose against expectations and production hit a record.

Back home, the Sensex was up 58 points at 41,079 and the Nifty rose 15 points at 12,116.

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