The domestic currency, rupee, on Tuesday opened higher by 6 paise at 73.44 per dollar on against the last close of 73.50, amid buying seen in the domestic equity market. Yesterday, the rupee ended marginally higher at 73.50 per dollar against last weekend close of 73.54. Today at 10.45 am, the Sensex was up 177 points at 47,532, and the Nifty was up 36 points at 13,908-mark.

"Rupee to open around 73.48 and is expected to be volatile as today is expiry day and there is lot of open interest from the long side of USD v/s INR. RBI was present at 73.50 yesterday and took the pair about 12 paise higher before selling took over," said Anil Kumar Bhansali, Head - Treasury, Finrex Treasury Advisors. "For the day keeping a close watch on RBI, we would expect to sell the dollar on all major up-ticks. Importers can book near 73.30/40 for near term," he added.

The dollar languished near a 2-1/2-year low on Tuesday with demand for safe-havens flagging as U.S. lawmakers pushed forward with a COVID-19 relief package.

Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK.

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