 "money, cash, rupees")
The rupee on Thursday opened 5 paise higher at 71.38 against the US dollar amid slide in crude oil prices and flat Asian equities.
The domestic currency on Wednesday recovered from initial losses to settle 11 paise higher at 71.43, tracking gains in domestic equity markets and softening crude oil prices. Foreign fund inflows also supported the local currency, forex traders said.
"Strong equity markets, FII inflows, lower Brent crude prices and ICE Dollar Index helped the rupee recoup some of the losses seen on the previous day," said VK Sharma, Head - PCG & Capital Market Strategy, HDFC securities.
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