The Indian rupee opened lower by 8 paise at 70.85/$ on Tuesday vs. its previous close of 70.77/$.
The local unit erased early gains to end marginally higher at 70.77/$ on Monday, thanks to sustained foreign fund inflows and hopes of a partial trade deal between the US and China.
Meanwhile, benchmark indices opened higher today but are now trading flat with a negative bias.
Global stocks traded positive as the US and China inched closer to the much awaited signing of the interim trade deal.
India's 10-year GoI bond yields were up 0.28% at 6.49.
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