The Indian rupee opened lower on Tuesday, slipping 19 paise to 85.29 against the US dollar amid weak domestic market sentiment and reduced foreign fund inflows.
At the interbank foreign exchange market, the local currency opened at 85.15 and extended losses to 85.29 in early deals, marking a 19-paise decline from its previous close.
Forex traders noted that while falling crude oil prices provided some support to the rupee, overall sentiment remained cautious. Market participants are awaiting key economic data releases later this week, including April's industrial and manufacturing output and the Q1 GDP growth figures.