The Indian rupee opened lower by 10 paise at 71.91/$ on Friday vs. its previous close 71.81 against the greenback.
The Indian rupee on Thursday fell to an 8-month low of 71.81/$, falling 26 paise owing to very weak equities and sustained foreign fund outflows.
The local unit also mirrored a sudden drop in the Chinese yuan. The Yuan fell to an 11-month low on Thursday, sliding 0.9% in the last six sessions. The Yen was trading marginally higher.
Meanwhile, benchmark indices have once again made a disappointing opening. The Nifty is currently trading below the 10,700 mark.
The govt's silence on a stimulus package for India Inc., the sustained slowdown in consumer demand, as well as jitters before the Fed Reserve Chairman's speech today are weighing on the market sentiment.
Elsewhere, Asian bourses traded mixed. Crude edged higher above $60/bbl on tighter supply conditions even as demand concerns capped gains.
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