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Rupee opens at one-month high against US dollar amid positive global cues

The domestic unit on Thursday climbed 52 paise to end at 71.14 as signs of easing trade tensions between the US and China buoyed global markets.

Rupee, cash, money
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SI Reporter New Delhi
The rupee on Friday opened 18 paise higher at 70.96, its one-month high level against the US dollar, amid positive global cues. The domestic unit on Thursday climbed 52 paise to end at 71.14 as signs of easing trade tensions between the US and China buoyed global markets.

Easing crude oil prices and fresh foreign capital inflows provided further support, forex traders said.

The Indian currency has appreciated by 125 paise in the last six trading sessions, as per reports. 

Foreign institutional investors (FIIs) bought equities worth Rs 783.55 crore on Thursday, according to provisional exchange data.

On the domestic