The Indian Rupee opened higher on Tuesday against the US Dollar on increased selling by exporters. Besides, the dollar's weakness against some currencies overseas and higher opening of the domestic equity market also supported the rupee.
Currently, the rupee gained 13 paise at 73.03/$.
On the international front, mid-term elections and FOMC policy statement will be released this week.
The local currency opened higher by 17 paise at 72.95 per dollar vs. previous close 73.12.
RBI's reference rate for the dollar stood at Rs73.07, while for the euro, it was at Rs83.25. Further, its reference rate for the yen stood at Rs64.50, while that for the British pound sterling was at Rs94.98.