The rupee opened a tad higher against the greenback on Tuesday, as the dollar took a backseat following the swift deterioration in negotiations between the US and China over trade tariffs.

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At 09:10 AM, the rupee was trading at 69.37 a dollar, up 3 paise from its Monday’s close of 69.40. The home currency opened at 69.32 and touched a high and a low of 69.32 and 69.39 a dollar, respectively.

China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald Trump to impose additional tariffs on Chinese goods, reported Reuters.

Globally, the dollar swung near a five-week low as renewed worries over US-China trade war raised concerns over the global economic growth.

The dollar index against a basket of six rivals was basically unchanged at 97.53, having ended the previous session nearly flat.

Against the yen, the dollar was a shade lower at 110.685 yen. It had brushed a five-week low of 110.285 yen per dollar during the previous session, as per Reuters data.

In commodity markets, oil prices were mixed as US sanctions on oil exporters Iran and Venezuela kept markets on edge.

International Brent crude oil futures were at $71.16 per barrel, 8 below their last close.

Meanwhile, foreign investors were net sellers in capital markets Monday selling assets worth Rs 948 crore on a net basis, provisional exchange data showed.

In debt markets, the yields on the 10-year government bonds were up 0.01 percent to 7.40 percent from its previous close of 7.39 percent. Bond yields and prices move in opposite directions.