Angel Broking, USDINR spot is likely to appreciate in Tuesday’s trade. The local currency on Monday settled 7 paise up at 64.53 against the US currency.

The RBI, meanwhile, fixed the reference rate for the dollar at 64.5405 and for the euro at 73.5826 in the previous trading session.

Equity markets scaled fresh record high in opening trade on Tuesday. The 30-share BSE Sensex opened 74 points, or 0.23 per cent, up at 31789.50, while NSE Nifty opened 26.40 points, or 0.27 per cent, up 9,797.

Foreign portfolio investors stood net seller in domestic equity markets on Monday and sold shares worth Rs 419.86 crore with gross purchases and gross sales of Rs 3,717.12 crore and Rs 4,136.98 crore, respectively.

Government bonds rose for a third day on Monday, as some investors bought the debt on expectations of lower retail inflation.

The GoI benchmark 6.79% 2027 bond yield fell sharply to 6.47 per cent on Monday from 6.53 per cent in the previous session.