The rupee marched higher for the seventh straight session on Friday to close at 70.92 per US dollar, up 22 paise, as softening crude oil prices and easing US-China trade tensions bolstered investor sentiment. At the interbank foreign exchange market, the rupee opened at 70.94 a dollar.
It shuttled between a high of 70.86 and low of 71.15 before finally settling at 70.92, up 22 paise over its previous close. The rupee had finished at 71.14 against the greenback on Thursday. In the past seven days, the rupee has appreciated by 2.13 per cent on some profit-booking in dollar amid hopes of US-China trade truce,” said Rahul Gupta, Currency Research Head, Emkay Global Financial Services.