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Rupee opens at 70.13, up 12 paise against US dollar amid slip in oil prices

The domestic unit on Thursday slumped 39 paise to close at more than six-week low of 70.25, mainly due to soaring crude oil prices.

rupee

The rupee on Friday opened 12 paise higher at 70.13 against the US dollar as the crude oil prices eased in the early trade after hitting $75/b in the previous session. The domestic unit on Thursday slumped 39 paise to close at more than six-week low of 70.25, mainly due to soaring crude oil prices.  The dollar Index ended on a strong note and ended above 98 levels, highest since May 2017. The dollar headed for its biggest weekly gain in more than two months amid a rally in US stocks, treasuries and as traders awaited GDP data on Friday for confirmation that the US economy is ...