The Indian rupee hit a six-month low Tuesday, opening lower by 14 paise at 65.24 per dollar versus 65.10 Monday.
Bhaskar Panda of HDFC Bank said, "The dollar has rallied a bit and emerging market currencies are on the defensive. I expect the USD-INR pair to trade within the 65.05-65.35 range for today."
"The 10-year benchmark yield has corrected downwards after touching a recent high of 6.68 percent. Expect it to remain within the 6.61-6.64 percent range," he added.
The US dollar turned lower as investors fled to assets perceived as safe after combative comments from North Korea.
The yen stood tall as tensions on the Korean peninsula flared-up, while the euro struggled near a four-week low versus the dollar.
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