Rupee opens marginally lower at 69.39 against US dollar

The domestic unit on Thursday surged 19 paise to 69.37, registering its third consecutive session of gain amid easing crude oil prices and weakening of the greenback.

The rupee on Friday opened marginally lower at 69.39, down two paise against the US dollar amid decline in crude oil prices. The domestic unit on Thursday surged 19 paise to close at 69.37, registering its third consecutive session of gain amid easing crude oil prices and weakening of the greenback against other major currencies overseas.

Forex dealers said selling of the American currency by exporters and sustained foreign fund inflows also propped up the rupee.

On the global front, oil prices slipped on Friday, extending a steep fall from the previous session on surging US output and an expected