Rupee Opens Higher At 71

Rupee in Wednesday's trade opened higher by 39 paise at 71 after setting at 71.39 per US dollar in the previous session.

The rupee came under pressure on Tuesday and slumped to a 6-month low of 71.40 against the greenback as emerging market currency Argentinian Peso and battered equities market world over unnerved investors, who flocked to safe havens.

Yield on 10-year benchmark bonds came in higher at 6.53%.

Meanwhile, Indian equities tracking strong global equities opened higher in the pre-opening trade, Sensex scaled higher by 230 points while Nifty topped 11000 mark again.

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