The rupee is likely to open a tad stronger on Tuesday, tracking firmer regional peers and the dollar's losses versus major currencies.
* The MSCI index of Asian stocks ex-Japan was up 0.35% at 0226 GMT and the Nifty India stock futures index in Singapore rose 0.62%.
* However, the euro nursed modest losses in Asia on Tuesday, retreating from a near three-month peak of USD 1.3486 set on Friday, after S&P cuts Greece ratings to 'selective default'.
* Traders said the rupee should open around 49.20 to the dollar and move between 48.80 and 49.40. It closed at 49.2150/2250 on Monday.
* Investors are hoping the European Central Bank's upcoming second liquidity injection will support sentiment and revive risk appetite.