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Rupee opens marginally higher against US dollar amid dip in oil prices

The domestic unit gave up most of its losses to close down by 3 paise at 71.80 on Thursday.

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SI Reporter New Delhi
The rupee on Friday opened 2 paise higher at 71.78 agains the US dollar amid dip in crude oil prices and rise in Asian stocks. 

The domestic unit gave up most of its losses to close down by 3 paise at 71.80 on Thursday even as uncertainty over the US-China trade talks and recession fears kept investors on edge. 

Losses in domestic equity markets and unabated foreign fund outflows hit the rupee sentiment, forex dealers said.

Foreign investors pulled out Rs 986 crore on a net basis from equities on Thursday, provisional exchange data showed.

"Rupee continues to take resistance