Research Icon - Rupee jumps 29 paise to open at 70.54/$

The Indian rupee jumped 29 paise at 70.54/$ vs. its previous close of 70.83/$.

On Thursday, the local unit ended marginally higher at 70.83/$ amid trade uncertainty.

However, global sentiment was fueled with optimism as the US and China are said to have "agreed in principle" on a trade deal.

Oil prices extended gains on Friday as the two sides moved closer to a resolution to end the protracted 18-month trade war.

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