Rupee gains 0.15 percent agaisnt US Dollar

Taking cue from the upcoming US-China trade talks this week and dollar index slipping by near 0.2 percent, Indian rupee gained by near 0.15 percent against the Us dollar. Rupee was trading at 69.44 per dollar in the forex market. "This gain is because of the upbeat mood of the investors over the US-China trade talks as the stand-off is affecting the emerging economies ties with the first world economy," said experts after the Indian and majority of the Asian markets opened on higher note giving strong signal of recovery in the Indian markets.

The Indian sensitive index Sensex crossed the 36,000 mark in early session of the Monday trade while the Nifty is expected to touch the 10,900 levels. The Zee Business TV research team has advised the Nifty traders to buy Nifty at around 10,800 levels with stop loss at 10,775. the Nifty will soon touch 10,850 then 10,900 levels, it forecasts.

The China-US trade stand-off has been hitting the global trade for years and any breakthrough in the US-China trade talks this week would be warmly welcomed by the world economic and other fraternity.

The Chinese administration has given upbeat note over the development. so, it becomes important for the global economy to wait for this trade talks with their fingers crossed.

Meanwhile the US economy too is not doing good. Topsy-turvy decisions taken by the US government on various policy matters have confused the investors leading to slump in the American dollar in Forex market.

The forex market has already slipped by near 0.2 percentage points in early session of the Monday trade. so, this trade talk becomes important for the American markets too.