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The rupee rebounded by 23 paise to close at 70.02 against the US dollar on Friday after Brent crude oil prices receded from a six-month high of $ 75.60/barrel.
At the interbank foreign exchange market, the domestic unit opened at 70.12 and advanced to a high of 69.97 during the day. It finally settled at 70.02, registering a rise of 23 paise against the dollar over its previous close.
The rupee on Thursday had slumped 39 paise to close at more than six-week low of 70.25 against the US dollar.
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