The Indian rupee erased some previous day's
gains in early trade Tuesday. The currency has opened at 68.13 a dollar, down 7
paise compared to 68.06 a dollar in previous session.
Ashutosh Raina, HDFC Bank says the return of
risk sentiment after some signs of stability in Chinese currency coupled with
oil cementing its recent gains resulted in global equities rallying from recent
lows and US dollar gaining against most currencies.
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