The Indian rupee opened lower by 7 paise at 70.80 per dollar on Tuesday versus previous close 70.73.
The rupee on August 5 crashed by 113 paise - the biggest single-day drop in the past six years - to close at a five-month low of 70.73 due to heavy capital outflows by investors anxious over the US-China trade tension, a sharp devaluation in yuan and uncertainty over Kashmir issue. This was the third straight session of fall for the rupee, during which it lost a massive 194 paise.
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