New Delhi, July 7 -- The Indian rupee opened 7 paise higher at 95.33 against the US dollar on Tuesday, 7 July, tracking gains in most Asian currencies. However, traders said the local currency's underlying momentum remains weak after recent losses.

The rupee has declined more than 1% over the past six trading sessions and on Monday slipped close to the 95.50-per-dollar mark for the first time in a month.

According to a Reuters report, the rupee's rebound towards the 94-per-dollar level-supported by lower crude oil prices and measures by the Reserve Bank of India (RBI) to attract dollar inflows-appears to have lost steam, with the currency once again coming under pressure.

Persistent dollar demand from importers, expectations that the U...