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.