The rupee opens higher, tracking gains in shares which rose in line with regional equities, says dealer. The pair opened at 54.37 and is trading at 54.37/3850, versus 54.49/50 close on Monday.
Bharti Infratel IPO opens for retail subscription. It will allot shares worth $120 million to cornerstone investors as part of its initial public offering.
India has set a share sale in state miner NMDC Ltd
Dealer says INR may trade with gains on expected inflows, but oil bids will cap gains.
The euro stabilised near two-week lows on Tuesday as nerves calmed over Italy's latest political turmoil and as prospects of more stimulus from the U.S. Federal Reserve pinned down the dollar.