Rupee Opens Flat At 70.1

Rupee opened flat in Tuesday's session at 70.1 versus its previous close of 71.11 per US dollar.

For the third day in a row, rupee weakened on surge in crude oil price as two of the crude production bases began to close down amid a military blockade.

One of the reports despite the current weakness suggest that the domestic unit may post strong performance this year.

In the bond market, yield on 10-year benchmark bonds stood at 6.63%.

Meanwhile, Indian benchmark indices are likely to open on a negative note after shedding yesterday's record gains on sound global cues.

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