The rupee opened higher against the US dollar on account of some selling in American currency by banks and exporters.
The Indian rupee opened higher against the US dollar on account of some selling in American currency by banks and exporters. The rupee was trading at 71.20/$, up 14 paise.
The currency and debt markets were shut on Tuesday for a public holiday.
On the international front, Fed meeting will be closely watched. The dollar index rose to a two-month high last week but demand for the liquid greenback has recently ebbed on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict.
Meanwhile, the Sensex rose 234 points at 35,587, while the Nifty was up 64 points at 10,669.
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The currency and debt markets were shut on Tuesday for a public holiday.
On the international front, Fed meeting will be closely watched. The dollar index rose to a two-month high last week but demand for the liquid greenback has recently ebbed on optimism that a fresh round of talks between China and the United States would help resolve their trade conflict.
Meanwhile, the Sensex rose 234 points at 35,587, while the Nifty was up 64 points at 10,669.
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