The Indian rupee opened marginally lower 71.25/$ vs. the previous close of 71.22/$.
The local unit closed higher on Wednesday by 14 paise at 71.22 against the US dollar as positive macro data and optimism over the US-China trade deal boosted investor sentiment.
On the economy front, the gross GST revenue collected in the month of December 2019 is Rs1.03cr of which CGST is Rs19,962cr, SGST is Rs26,792cr, IGST is Rs48,099cr (including Rs21,295cr collected on imports) and Cess is Rs8,331cr (including Rs847cr collected on imports).
Meanwhile, Asian shares were trading mixed on Thursday, while US futures traded marginally higher in the morning trade. The Shanghai Composite advanced 1.3% on the first trading day of 2020. Hong Kong's Hang Seng Index (HSI) gained 1%. South Korea's Kospi (KOSPI), meanwhile, fell 0.76%, while Japanese markets remained closed for the New Year holidays and will reopen next Monday.
Besides, the foreign portfolio investors (FPIs) sold shares worth a net Rs58.87cr and domestic institutional investors (DIIs) bought shares worth a net Rs208.47cr on January 1, 2020, as per provisional data.
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