The Indian rupee opened higher on Tuesday by 15 paise amid some selling in the American currency by banks and importers. In the bond market, the yield on 10-year benchmark bonds came in at 6.32%.

The domestic unit opened at 71.85 per dollar against the previous day's close at 71.92/$.

The local unit slipped over 30 paise to close at more than three-month low of 71.98 against the greenback on Monday, tracking heavy selling in domestic equities and strengthening of the American currency in the overseas market.

Besides, foreign institutional investors (FIIs) sold shares worth Rs1,160.9cr while domestic institutional investors (DIIs) bought shares of worth Rs516.21cr, as per provisional data available on the NSE showed.

Meanwhile, investors will be looking forward to the Gross Domestic data for the third quarter of FY20 to be out later in the week.

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