<p>The Indian rupee appreciated by 27 paise to 70.87 against the US dollar in early trade on Tuesday as optimism about US-China trade talks and easing crude oil prices enthused investors.</p>.<p>At the interbank foreign exchange, the rupee opened at 70.90, then gained further ground and touched a high of 70.87 against the US dollar, registering a rise of 27 paise over its previous close.</p>.<p>On Friday, the rupee had settled at 71.14 against the US dollar.</p>.<p>The forex market was closed on Monday on account of assembly elections in Maharashtra.</p>.<p>The domestic unit, however, could not hold on to the gains and was trading at 70.91 against the dollar at 0949 hrs.</p>.<p>Forex traders said investors were optimistic about the US-China trade talks after US President Donald Trump said that 'phase 1' China trade pact is on track for November.</p>.<p>Trump said that he expects to sign the partial deal on the sidelines of the Asia-Pacific Economic Cooperation summit in Chile next month when he meets with Chinese President Xi Jinping.</p>.<p>However, cautious opening in domestic equities weighed on the local unit.</p>.<p>Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 50.64 points lower at 39,247.74 and Nifty up 4.60 points at 11,666.45.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.02 per cent to 97.31.</p>.<p>Foreign institutional investors (FIIs) remained net buyers in the capital market, putting in Rs 36.56 crore on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, was trading down 0.03 per cent at USD 58.94 per barrel.</p>.<p>The 10-year government bond yield was at 6.54 per cent in the morning trade. </p>
<p>The Indian rupee appreciated by 27 paise to 70.87 against the US dollar in early trade on Tuesday as optimism about US-China trade talks and easing crude oil prices enthused investors.</p>.<p>At the interbank foreign exchange, the rupee opened at 70.90, then gained further ground and touched a high of 70.87 against the US dollar, registering a rise of 27 paise over its previous close.</p>.<p>On Friday, the rupee had settled at 71.14 against the US dollar.</p>.<p>The forex market was closed on Monday on account of assembly elections in Maharashtra.</p>.<p>The domestic unit, however, could not hold on to the gains and was trading at 70.91 against the dollar at 0949 hrs.</p>.<p>Forex traders said investors were optimistic about the US-China trade talks after US President Donald Trump said that 'phase 1' China trade pact is on track for November.</p>.<p>Trump said that he expects to sign the partial deal on the sidelines of the Asia-Pacific Economic Cooperation summit in Chile next month when he meets with Chinese President Xi Jinping.</p>.<p>However, cautious opening in domestic equities weighed on the local unit.</p>.<p>Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 50.64 points lower at 39,247.74 and Nifty up 4.60 points at 11,666.45.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.02 per cent to 97.31.</p>.<p>Foreign institutional investors (FIIs) remained net buyers in the capital market, putting in Rs 36.56 crore on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, was trading down 0.03 per cent at USD 58.94 per barrel.</p>.<p>The 10-year government bond yield was at 6.54 per cent in the morning trade. </p>