<p>The Indian rupee opened on a cautious note and fell 16 paise to 72 per US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows.</p>.<p>Forex traders said trading in emerging market currencies were subdued tracking cautious opening in domestic equities.</p>.<p>At the interbank foreign exchange, the rupee opened at 71.97 then fell to 72 against the US dollar, showing a decline of 16 paise over its previous close.</p>.<p>The Indian rupee on Monday had closed at 71.84 against the US dollar.</p>.<p>Traders were also awaiting fresh cues on the potential US-China trade deal.</p>.<p>Meanwhile, brent crude futures, the global oil benchmark, fell 0.24 per cent to USD 62.29 per barrel.</p>.<p>Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 270.66 crore on Monday, as per provisional data.</p>.<p>Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 20.27 points higher at 40,304.46 and Nifty up by 4.80 points at 11,889.30.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.01 per cent to 97.80.</p>.<p>The 10-year government bond yield was at 6.48 per cent in morning trade. </p>
<p>The Indian rupee opened on a cautious note and fell 16 paise to 72 per US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows.</p>.<p>Forex traders said trading in emerging market currencies were subdued tracking cautious opening in domestic equities.</p>.<p>At the interbank foreign exchange, the rupee opened at 71.97 then fell to 72 against the US dollar, showing a decline of 16 paise over its previous close.</p>.<p>The Indian rupee on Monday had closed at 71.84 against the US dollar.</p>.<p>Traders were also awaiting fresh cues on the potential US-China trade deal.</p>.<p>Meanwhile, brent crude futures, the global oil benchmark, fell 0.24 per cent to USD 62.29 per barrel.</p>.<p>Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 270.66 crore on Monday, as per provisional data.</p>.<p>Domestic bourses opened on a cautious note on Tuesday with benchmark indices Sensex trading 20.27 points higher at 40,304.46 and Nifty up by 4.80 points at 11,889.30.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.01 per cent to 97.80.</p>.<p>The 10-year government bond yield was at 6.48 per cent in morning trade. </p>