Rupee opens 13 paise lower at 69.27 against US dollar

The rupee opened 13 paise lower at 69.27 against the US dollar on Tuesday. The domestic unit had closed 16 paise higher at 69.14 on Friday on persistent foreign fund inflows and heavy buying in domestic equities.

The money market was shut on Monday on account of annual account closing. 

The rupee gained over 2 per cent in March, HDFC Securities Head PCG & Capital Markets Strategy V K Sharma said.

The Reserve Bank of India (RBI) on Monday said it will inject long-term liquidity worth US$ 5 billion into the banking system through a dollar-rupee buy-sell swap for a