The Indian rupee opened lower by 8 paise at 64.63 per dollar on Tuesday versus previous close 64.55.

US stocks rose on Monday, boosted by technology shares and by defence companies, which gained after the United States and Saudi Arabia signed a multi-billion dollar arms deal.

Shares of General Dynamics , Raytheon , and Lockheed Martin all hit record highs early on but ended off those levels, with gains of between 0.6 percent and 1.6 percent. Boeing gave the Dow its biggest boost, ending up 1.6 percent at USD 183.67.

The S&P industrials index rose 0.7 percent and the S&P 500 posted a third straight day of gains, further recovering from last week's selloff that was tied to worries about the outlook for US President Donald Trump's domestic agenda.

The S&P 500 posted 45 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 102 new highs and 60 new lows.

About 5.9 billion shares changed hands on US exchanges, below the 6.9 billion daily average for the past 20 trading days, according to Thomson Reuters data.

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