The Indian rupee opened marginally higher on Thursday’s morning trade. The local unit opened up by 6 paise at 71.38 per dollar on Thursday against the previous close of 71.43/$ ahead of the RBI meeting minutes that will be released today.
The dollar remained under pressure against its major crosses especially after trade talks between the US and China that concluded last week ended on a positive note.
The local currency closed over 10 paise on Wednesday.
Further, oil prices rose marginally as US inventories fell more than expected while US bond yields remained flat at 1.63%.
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