Rupee gains 2 paise to 71.22 vs USD

Mumbai: The rupee inched up 2 paise to 71.22 against the US dollar in early trade Friday amid a dip in crude oil prices and fresh foreign fund inflows.

Also Read: Sensex, Nifty start on a tepid note

At the Interbank Foreign Exchange (forex) market, the local unit opened almost flat at 71.23 and stayed in a narrow range. The rupee had skidded by 13 paise to close at 71.24 against the US dollar Thursday.

Also Read | Funds inflows lift rupee to 63.60 against dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, traded flat at 96.60. 

Also Read: Sensex, Nifty start on a positive note; bank stocks jump 

Also Read | Rupee hits fresh 2-yr high of 63.65 against dollar

Meanwhile, the benchmark BSE Sensex fell 56.40 points, or 0.16 per cent, to 35,841.95 in opening trade Friday. (PTI)

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