The Indian rupee edged lower in opening trades on Tuesday, tracking an uptick in dollar overseas coupled with negative cues from local equities. INR opened at Rs 86.94 per dollar and inched up to 86.94 so far during the day. Yesterday, rupee depreciated 16 paise to close at 86.88 against the US dollar weighed down by significant foreign fund outflows and a recovery in the US dollar index from intraday lows. After eight successive days of losses, Indian stocks managed to close marginally up on Monday, but not before suffering an early setback and a continued struggle till well past mid afternoon. The benchmark BSE Sensex closed up 57.65 points or 0.08% at 75,996.86. The Sensex, which tumbled nearly 650 points to 75,294.75 in early trades, climbed to a high of 76,041.96 in the final hour. The broader Nifty50 of the National Stock Exchange settled with a gain of 30.25 points or 0.13% at 22,959.50, coming off an early low of 22,725.45.

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