The Indian rupee opened marginally lower at 65.39 per dollar on Tuesday versus previous close 65.36.
Bhaskar Panda of HDFC Bank said, "The USD-INR pair has been consolidating in a narrow range of 65.30-65.50/dollar, supported on the downside by importer purchases and intervention. The pair is expected to trade within a range of 65.25-65.45/dollar for today."
The dollar remained in a defensive mode after Chicago Federal Reserve President Charles Evans reinforced the perception that the US Central Bank won't accelerate the pace of its interest rate hikes.
Source: moneycontrol.com