 "rupee")
The rupee opened three paise higher at 70.15 against the US dollar on Monday. The domestic unit on Friday fell by 48 paise to close at 70.18 against the US currency due to month-end dollar demand and sharp losses in domestic equities.
Despite losses on Friday, the rupee gained 172 paise or 2.4 per cent on weekly basis amid a slide in crude oil prices which touched $53.26 per barrel, PTI reported.
Rupee in the last few sessions has been strengthening against the US dollar but as the holiday week starts volatility in case of the rupee could start to move lower.
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