Rupee recovers, opens 24 paise higher against US dollar

The rupee opened 24 paise higher at 69.96 against the US dollar on Friday amid mixed Asian cues and decline in crude oil prices. 

The domestic unit weakened for the second straight session Thursday, slipping by 2 paise to 70.20 against on robust foreign fund outflows amid rising trade deficit worries.

On Thursday, volatility in rupee continued to remain high but traded in a wide range of 70.05 and 70.40 (spot) for the second successive session. Global crude oil prices are inching higher in the past few sessions on signs of output cuts by Saudi Arabia. In the last few