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Rupee Trades Higher At 70.77

Roshni Agarwal

Rupee in Monday's trade is trading higher by 9 paise as against previous session's close of 70.86 per US dollar.

In the previous session, rupee retreated lower because of selling seen in the equities as also there was gains in the dollar.

India's fiscal deficit for the month of August stood at 78.7% of 2019-20 target. An increase in the crude price also weighed on the rupee.

Nonetheless, the government has released its borrowing programme for the second half of the calendar year.

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