Rupee opens at 69.81, 19 paise lower against US dollar

The rupee on Wednesday opened 19 paise lower at 69.81 against the US dollar. The domestic currency on Tuesday recovered from the day's low to close higher by five paise at 69.62 on some dollar selling by banks and exporters.

Back home, the RBI again received overwhelming response for its second three-year dollar-rupee swap auction where it received bids worth $18.65 billion compared with its promise to take in $5 billion. With this move, the banking system will have cash injection of nearly Rs 60,000 crores.

"While the overwhelming response is a surprise, the cut-off premium, the threshold for banks