Rupee slips 4 paise to 71.07 against US dollar in early trade

The rupee opened four paise lower at 71.07 against the US dollar on Friday amid positive Asian equities and rise in crude oil prices. On Thursday, the domestic unit reversed its four-day losing streak by recovering 21 paise to settle at 71.03. 

Rupee came under pressure in the first half of the session but most of the losses were eroded in the later half. The local currency rose despite an uptick in global crude oil prices after reports that US was to begin lifting tariffs imposed on Chinese imports.

The trade war might not be over yet, but the sudden