The Indian rupee opened stronger on Tuesday, rising 14 paise to 87.95 against the US dollar, supported by positive cues from domestic equities. However, concerns over potential US tariffs on India and broader global uncertainty continued to weigh on sentiment.
According to forex traders, the rupee may stay under pressure in the near term, though speculation of RBI intervention is building as the currency recently touched record lows. At the interbank foreign exchange market, the local unit opened at 87.98 per dollar before firming to 87.95, up 14 paise from its previous close.