Mumbai: The Indian rupee on Friday opened stronger against the US dollar, tracking gains in its Asian peers amid optimism about the outcome of US-China trade talks.
In early deals today, the rupee traded at 70.83 a dollar, up 0.34% from Thursday's close of 71.07. The Indian unit had opened at 70.84 a dollar.
In pre-opening today, the benchmark Sensex was up 0.38% or 144.02 points at 38024.42. So far this year, it has gained 5%.
The yield on the 10-year Indian government bond was at 6.464% compared with its previous close of 6.453%.
In the year so far, the rupee has weakened 1.83%, while foreign investors have bought nearly $7.52 billion in Indian equities and $3.95 billion in debt.
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