On Monday, rupee had gained 4 paise to end at 69.68 against US dollar.The rupee weakened by 36 paise to 70.04 against US dollar in opening trade Tuesday on rising crude prices and some demand for American currency from importers.The rupee opened weak at 69.83 at interbank forex market against its previous close of 69.68 per dollar.
It moved in range of 70.06 per dollar to 69.83 per dollar in early trade and was trading at 70.04, showing a fall of 36 paise against greenback.
Brent crude futures, international oil benchmark was trading 0.23 per cent higher at $57.46 per barrel.
The rupee weakened even after Central Statistics Office (CSO) released positive advanced estimates of national income for 2018-19.
The domestic economy is expected to grow at 7.2 per cent in 2018-19 against 6.7 per cent in previous fiscal mainly due to improvement in performance of agriculture and manufacturing sectors, CSO had said Monday.
Forex dealers said early losses in domestic stock markets weighed on rupee, but a weak dollar in overseas markets capped fall.
The dollar was trading lower against major peers and 10-year treasury yields were steady.
On Monday, rupee had gained 4 paise to end at 69.68 against US dollar following dovish stance by Federal Reserve and rising hopes of a thaw in ongoing US-China trade tiff.
Meanwhile, benchmark BSE Sensex slipped by 58.53 points, or 0.16 per cent, to 35,791.63 in opening trade on Tuesday.