 "rupee")
The rupee opened 7 paise lower at 69.49 against the US dollar on Tuesday amid subdued Asian equities and fall in crude oil prices.
The domestic unit declined by 25 paise to close at 69.42 on Monday as forex traders turned cautious in a holiday-truncated week.
Rupee consolidated in a narrow range but came under pressure in the second half of the session on Monday after IMD released first long-range forecast for the South-west monsoon rains yesterday, says Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services (MOFSL) in its daily currency report.
The rainfall in the four-month season from June
The rainfall in the four-month season from June
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