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