The Indian rupee gained on Thursday after opening higher by 12 paise at 70.95/$ vs. its previous close of 71.07/$.
The rupee recovered from most of its initial losses on Wednesday ending down by 5 paise owing to increased optimism around US-China trade relations.
China is reportedly offering to buy additional US goods to ease trade tensions as the two largest economies meet.
Meanwhile, Indian benchmark indices are trading lower today. The Sensex is down 159 points trading above 38,000.
Market participants are awaiting any signs of progress from the US-China trade talks scheduled to start later today.
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