"On the domestic front, no major economic data is expected to be released but more fund flows by the FIIs is likely to keep the rupee supported. Today, USD/INR pair is expected to quote in the range of 70.70 and 71.30," said Gaurang Somaiya, Research Analyst (Currency) at Motilal OSwal Financial Services (MOFSL).
On the global front, Asian share markets
made guarded gains on Tuesday amid cheery chatter about the chance of a Sino-US trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit for the UK. MSCI’s broadest index of Asia-Pacific shares outside Japan added a modest 0.3 per cent. Futures for Japan's Nikkei were trading at 22,760, compared to Monday's index close at 22,548. South Korean stocks rose 0.9 per cent and Shanghai blue chips were flat, Reuters reported.
In commodities, oil prices were little moved as the market fretted about the health of the global economy and the future for energy demand.