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Rupee opens higher at 71.85 against dollar
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Rupee opens higher at 71.85 against dollar
Feb 25, 2020 12:34 AM

The Indian rupee opens mildly higher against dollar on Tuesday. The domestic currency started at 71.85 per dollar against Monday's close of 71.92.

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Asian share markets, meanwhile, were trying to stabilise on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce, allowing investors to take a break from coronavirus fears.

Some dealers cited a Wall Street Journal report on a possible vaccine as helping sentiment, though human tests of the drug might not start until the end of April.

Oil steadied after shedding nearly 4 percent on Monday. US crude was up 22 cents at $51.65, while Brent crude firmed 28 cents to $56.58.

(With inputs from agencies)

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