The rupee slipped to 70.93 against the US currency in opening trade on Friday amid a stronger dollar in overseas markets.The domestic currency was trading lower by 5 paise at 70.93 at 0925 hrs against the US currency. The rupee moved in a range of 70.93 to 70.89 at the interbank foreign exchange market in opening trade.
The US dollar rose to multi-weeks high against major global currencies as the impeachment probe into US President Donald Trump weighed on investor sentiment.Meanwhile, crude oil prices eased after a quick recovery in Saudi Arabia’s production which was hit by attacks at its refineries.
