 "rupee")
The rupee opened five paise higher at 69.62 against the US dollar on Tuesday. The domestic unit on Monday plunged by 32 paise to close at a two-week low of 69.67, following a spike in crude oil prices on reports that the US will end waivers on Iranian oil imports.
A fall in domestic equity markets also weighed on the rupee. A weak US dollar against major global currencies capped losses of the domestic currency.
On the global front, oil prices hovered near 2019 peaks in early trading on Tuesday after Washington abruptly moved to end all Iran sanctions waivers by May,
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