The Indian Rupee on Tuesday opened lower against US Dollar tracking losses in its local equity and Asian currencies market. It opened lower by 14 paise at 73.70 per dollar against previous close 73.56.
The dollar gained against its major peers, reining as the preferred safe haven currency as uncertainty over Brexit negotiations and Italy's free spending budget spooked investors away from the euro and sterling.
On Monday’s trade, the rupee ended lower by 24 paise against US Dollar. The rupee came under pressure on sell off in domestic equities and on the back of rising crude oil prices.
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