The rupee pared most of its early gains and settled marginally up at 70.83 against the US currency on Thursday amid uncertainty over the delay in the deadline for imposition of higher US tariffs on Chinese goods.
A spike in crude oil prices and fears of further rise in retail inflation also capped the rupee gains.
At the interbank foreign exchange market, the rupee had opened higher at 70.67 against the US dollar and later touched a high of 70.56
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