Research Icon - Rupee opens lower by 8 paise at 70.85/$

The Indian rupee opened lower by 8 paise at 70.85/$ on Tuesday vs. its previous close of 70.77/$.

The local unit erased early gains to end marginally higher at 70.77/$ on Monday, thanks to sustained foreign fund inflows and hopes of a partial trade deal between the US and China.

Meanwhile, benchmark indices opened higher today but are now trading flat with a negative bias.

Global stocks traded positive as the US and China inched closer to the much awaited signing of the interim trade deal.

India's 10-year GoI bond yields were up 0.28% at 6.49.

For Quick Trial – 8871888787

or mail us here - support@researchicon.com

or visit - http://www.researchicon.com/free-trial