The Indian rupee opened lower against the dollar amid fresh three-month highs on Brent crude oil. The local unit opened at 71.15 per dollar vs. previous close 71.03/$.

On the international front, the Chinese Ministry of Commerce reportedly said that it remains in contact with the US as the text of the deal is drafted. US Treasury Secretary Steven Mnuchin reportedly said the deal will be signed in early January.

On the economy front, the Reserve Bank of India on Thursday announced simultaneous sale and purchase of government securities worth Rs10,000 each via open market operations (OMO).

Besides, the foreign portfolio investors (FPIs) bought shares worth a net Rs739.43cr and the domestic institutional investors (DIIs) sold shares worth a net Rs493.95cr, as per provisional data.

Back home, the Sensex opened up by 22 points and the Nifty was marginally down at 12,259.

Meanwhile, oil prices held steady near three-month highs on the back of easing Sino-US trade tensions that have weighed on demand as well as the global economic growth outlook.

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