The Indian rupee gained in the early trade on Tuesday, opening higher by 7 paise at 71.37/$ vs. its previous close of 71.44/$.
On January 27, the rupee declined by 10 paise against the USD amid heavy selling in domestic equities and rising concerns over the spread of the coronavirus from China to other countries.
Oil futures fell on Tuesday for the sixth session in a row over demand concerns regarding the spread of a new virus in China and other countries, which could hit economic growth.
Asian bourses traded lower, continuing the downtrend, as the virus fears escalated. The yuan steadied, and Singapore markets lost over 2.7% in early trade today.
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