The Indian rupee continues to decline further in opening trades on Tuesday as crude oil prices hover at a two month high. Cautiously lower dollar overseas ahead of a slew of US data this week and positive domestic equities are expected to limit downside in the counter. Yesterday, rupee depreciated 11 paise to settle at 83.45 against the US dollar. The benchmark S&P/BSE Sensex ended the session up 443.46 points, or 0.56 percent, at 79,476.19 - extending the ongoing uptrend. The broader NSE Nifty index closed up 131.35 points, or 0.55 percent, at 24,141.95 and the mid-cap and small-cap stocks also saw renewed strength. Meanwhile, data yesterday showed the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index™ (PMI) increased from 57.5 in May to 58.3 in June, thus indicating a sharper improvement in business conditions. The PMI was comfortably above its long-run average.