Indian Rupee Weakens Against The U.S. Dollar

The Indian rupee weakened after opening firm against the U.S. dollar.

The local currency strengthened four paise to open at Rs 81.92 against the U.S. dollar on Tuesday. It weakened six paise to close at Rs 82.02.

It closed at 81.96 on Monday, according to Bloomberg data.

Reliance Securities expected the rupee to open marginally stronger at around Rs 81.85-81.87 on Tuesday morning amid improving risk appetite and flows into the domestic equity markets.