The Indian rupee opened marginally higher at 71.36/$ vs. the previous close of 71.38/$. President Trump announced January 15, 2020, as the date to sign 1st trade deal with China.
On the economy front, India's fiscal deficit in the first eight months through November stood at Rs8.08 lakh cr, which is ~114.8% of the FY20 target of Rs7.04 lakh cr. Net tax receipts in the April-November period was Rs7.51tn, while total expenditure was Rs18.20tn, data showed.
Asian indices were closed due to New Year holiday with futures trading higher as President Trump set the cat amongst the pigeons by announcing January 15, 2020, as the date for signing the first trade deal with China.
Further, US indices ended the year with the best performance since 2013 as most indices closed at fresh highs.
Oil prices see sharp fall intraday, while bond yields recover to close at 1.92% or 2-month highs.
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