The rupee closed at 86.5775 against the U.S. dollar, down from its close of 86.5675 in the previous session. While the local unit touched a peak of 86.2825 early in the session, it trimmed the gains on the back of broad-based dollar bids and a 0.

Donald Trump said that the BRICS does not have a leverage on the United States, instead Washington holds a barrel over them.

Indian stock markets continued to gain on Tuesday's opening as Trump 2.0 began, with both indices surging in the opening session.The Nifty 50 index opened at 23,421.65 with a surge of 76.90 points or 0.

The Indian rupee is poised to open higher on Tuesday amid swings in the U.S. dollar, spurred largely by the news flow and headlines related to U.S. President Donald Trump's tariff plans. The 1-month non-deliverable forward indicated that the rupee will open at 86.