The domestic currency opened higher by 2 paise at 69.65 as against Monday's close of 69.6738 per US dollar. The dollar currency has been sagging after commodity currencies gained support due to rising crude oil price which touched a 5-month high.
Yield on 10-year government bonds also increased to 7.40% on the backdrop of bond market which is likely to remain volatile given the uncertain environment in the wake of general election and other macro factors such as oil pricing.
Meanwhile SGX Nifty that is an early indicator of the performance of NSE 50 rose 0.08 percent to 11,692.50 as of 6:55 a.m.
Meanwhile other Asian markets traded mix after the fear of tariff imposition on European goods by Donald Trump.