The rupee opened higher against the greenback on Tuesday, snapping a 3-day fall, on the back of sluggish US dollar and weak oil prices.

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The domestic currency has lost 57 paise in the last three sessions amid concerns over Indo-US trade tariff disagreements.

At 09:10 AM, the rupee was trading at 69.82 a dollar, up 9 paise from its Monday’s close of 69.91. The home currency opened at 69.82 and touched a high and a low of 69.81 and 69.85 a dollar, respectively.

In the currency market, the dollar traded lightly lower after weak economic data.

The dollar index hit a two-week high of 97.603 on Monday but was last 0.17% lower at 97.407.

Investor focus is now on the Fed’s next policy meeting on June 18-19 and what kind of signals the central bank could offer on the direction of monetary policy, reported Reuters.

In commodity markets, oil prices fell for a second session after more signs that global economic growth is being hit by US-China trade worries.

Brent crude futures were down 16 cents, or 0.3 percent, at $60.78 a barrel by 0215 GMT. They fell 1.7 percent in the previous session on concerns about slowing global growth.

Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 238.64 crore Friday, provisional data showed.

In debt markets, the yields on the 10-year government bonds were up 0.17 percent to 6.93 percent from its previous close of 6.92 percent. Bond yields and prices move in opposite directions.

First Published:Jun 18, 2019 9:11 AM IST