The Indian rupee is likely to stay under pressure in opening trades on Wednesday tracking a sharp upmove in dollar overseas. US benchmark treasury yields were hovering at 4.31% while dollar index was at 104.73 following higher than expected US inflation figures. US Consumer Price Index (CPI) inflation eased to 3.1% on annual basis in January from 3.4% in December, but above market consensus of 2.9%. On a monthly basis, the headline CPI increased 0.3% in January after rising 0.2% in December. The Core CPI, which excludes food and energy, rose 0.4% in January from a 0.3% increase in December. Lower local equities tracking negative global cues are also seen weighing on the domestic unit. On Tuesday, rupee settled flat at 83 against the US dollar. The benchmark S&P BSE Sensex ended the sess...

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