Research Icon - Rupee opens higher at 71.26/$

The Indian Rupee opened 5 paise higher on Tuesday at 71.26/$ vs. its previous close of 71.31/$.

On Monday, the rupee rose 4 paise to 71.35/$ amid the weakening of the US dollar in overseas markets despite the rise in crude oil prices. At the interbank foreign exchange market, the rupee opened at 71.36/$. 

Oil prices inched lower on the final day of the year but were poised for their largest annual rise since 2016, on the back of optimism regarding the US-China trade agreement and supply cuts.

Asian markets slipped on Tuesday tracking US markets.

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