India markets closed

Rupee Opens Higher At 70.88

Roshni Agarwal

Amid optimism around US-China trade war progress and tracking gains in the Asian peers, Indian rupee resumed trade on Monday on a positive note. The rupee was seen trading at 71.02 versus the previous close of 71.02 per US dollar.

Crude oil price has remained steady and had holded on the gains of 2% made on Friday on the back of renewed geo-political tensions.

Also cheering the global development, Indian equities opened strong, with Sensex jumping as much as 250 points while the Nifty touched 11400 points.

Meanwhile, in the bond market, yield on 10-year benchmark bonds came in at 6.505%.

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