The Indian rupee resumed trade with gains on Tuesday and opened higher by 0.24% at 69.84 per dollar. On Monday, stock, currency and commodity markets were closed for the fourth phase of Lok Sabha elections.
The surge in domestic currency came on the back of a decline in oil prices, the leading import item of the country. Brent crude for June settlement, after surging to multi-month highs last week, declined in price to $71.76 per barrel, with a drop of 28 cents.
On Friday, the rupee closed at 70.02 against the greenback.
Meanwhile, benchmark indices opened lower while Nifty was trading lower by 0.19%, Sensex dropped 0.19% in early trade.