Rupee opens higher, opened 18 paise up

Indian rupee gained in the early trade on Monday. It opened higher by 18 paise at 68.91 per dollar against Friday’s close 69.09.The rupee has gained past 69 mark for the first time since August 10, 2018.
The marginal 2.44 per cent increase in exports, as well as lower imports of gold and petroleum products in February, significantly narrowed the country’s trade deficit to USD 9.6 billion, according to data released by the commerce ministry on Friday.
The dollar-rupee March contract on the NSE was at 69.23 in the previous session. March contract open interest declined 3.80% in the previous session, said ICICIdirect.

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