The rupee on Tuesday opened 11 paise higher at 69.15 against the US dollar amid weak global cues and fall in crude oil prices.
The domestic unit on Monday appreciated by another 44 paise to close at 69.26 in line with a strong rally in domestic equities amid hopes of a rate cut by the Reserve Bank of India (RBI). It was the second straight session of gain for the domestic currency, during which it has strengthened by 58 paise.
"Falling crude oil and slowing economic growth boosted speculations of monetary easing by the Reserve Bank of India (RBI) in its next