The Indian rupee slipped 55 paise at 71.95 per dollar on Tuesday opening vs. Friday's close of 71.40/$. The rupee and financial markets were shut on Monday on account of a public holiday.
Currently, the rupee is trading down by 67 paise at 72.07/$.
The yields on the 10-year government bonds were down 0.90% at 6.50% from the previous close of 6.56%.
The dollar index was at its highest in more than two years against a basket of currencies, while global stocks were hit by US-China trade frictions.
The rupee appreciated by 38 paise on Friday to close at a two-week high of 71.42 against the US dollar led by a rally in domestic equities and renewed hopes of the US-China trade talks.
Meanwhile, oil prices declined for a second day as more signs emerged from the US-China trade war, with South Korea revising down 2nd quarter growth due to lower exports.
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