 "rupee")
The rupee on Friday opened 31 paise lower at 69.75 against the US dollar amid spike in crude oil prices.
The domestic unit on Thursday surged 24 paise to close at a one-week high of Rs 69.44 on the back of a rally in equities and losses in the dollar after the US Federal Reserve hinted at a possible rate cut in near future.
Foreign funds, however, pulled out Rs 438 crore from capital markets on a net basis Thursday, provisional data showed.
On the global front, oil prices extended gains amid Middle East tensions, US interest rate cut hopes.
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