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Rupee opens 27 paise higher at 69.75 against US dollar

The domestic unit surrendered all its early gains and closed 36 paise lower at 70.02 on Thursday.

Rupee seen a winner in US-China trade thaw, but gains may be slow
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SI Reporter New Delhi
The rupee opened 27 paise higher at 69.75 against the US dollar on Friday amid weak global cues. 

The domestic unit surrendered all its early gains and closed 36 paise lower at 70.02 on Thursday after investors looked past the euphoria over BJP's election victory and shifted focus to macro-economic developments that will set the tone for the forex market going ahead.

As the general election is over with the Narendra Modi's Bharatiya Janata Party's resounding victory, a host of domestic and global factors like crude oil prices, trade tussle between the US and China and the upcoming RBI monetary policy will