The Indian rupee gained further after opening flat in the early morning trade on Tuesday amid easing crude prices and an overnight fall in the US dollar. The currency had opened at 69.82 a dollar. The 10-year bond yield traded at 7.410%, compared with Friday's close of 7.411%.
On Friday, the local unit had rebounded by 23 paise to close at 70.02 against the US dollar.
Meanwhile, investors will look out for macro-economic data points such as the eight core industries' output numbers.
The currency and bond markets were shut on Monday due to the Lok Sabha elections in Mumbai.
International crude oil benchmark indice, Brent fell 0.31% at $71.82/bbl and WTI dropped 0.11% at $63.43/$, Bloomberg data showed. Brent crude slipped in today’s trade after the US pressed OPEC to cover the shortfall caused after economic sanctions were imposed on Iran.
On the international front, China’s manufacturing sector grew slower than expected in April, according to data released on Tuesday. Caixin/Markit factory Purchasing Managers Index (PMI) for April came in at 50.2, following the March reading of 50.8.
Meanwhile, equity benchmark indices were trading in the negative zone on Tuesday with the Sensex dropped 266 points at 38,801 levels. The Nifty was down 82 points at 11,672 levels, struggling below 11,700.
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