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Last Updated : Feb 11, 2020 12:31 PM IST | Source: Moneycontrol.com

Rupee trades higher at 71.23 per dollar

On Monday the rupee ended 10 paise higher at 71.29 against the US dollar amid easing crude oil prices and weakening of the American currency in the overseas market.

Representative image
Representative image

The Indian rupee is trading higher at 71.23 per dollar, with buying seen in the domestic equity market.

It opened higher at 71.23 per dollar against previous close of 71.29.

On Monday the rupee ended 10 paise higher at 71.29 against the US dollar amid easing crude oil prices and weakening of the American currency in the overseas market.

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The Sensex was up 286 points or 0.70% at 41265.62, while Nifty was up 93.90 points or 0.78% at 12125.40.

Gold prices held steady on Tuesday after climbing to a one-week peak in the previous session, as concerns about the coronavirus epidemic that has claimed more than 1,000 lives in China offset an uptick in equities.

The US dollar and Japanese yen were in demand, along with the bonds of both countries, as worries about the spread of coronavirus had investors heading for safe harbors.

Oil prices rose more than 1 percent on Tuesday as recent sharp falls have encouraged investors holding short positions to book profits, but the market remains jittery over the Wuhan virus, which has now killed more than 1,000 in China.

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First Published on Feb 11, 2020 09:00 am

tags #Rupee

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