The Indian rupee opened lower by 7 paise at 70.95/$ on Friday vs. its previous close of 70.88/$.
The local currency soared 16 paise to close at 70.88/$ on Thursday owing to optimism following US President Donald Trump's statement that a trade deal with China could happen sooner than expected.
Firm domestic equities, fresh foreign fund inflows, and softening crude prices also helped push the rupee higher.
Meanwhile, Asian markets slipped tracking US markets over heightened concerns over the impeachment of President Donald Trump.
Indian benchmark indices closed with sharp gains on Thursday. On Friday, the Sensex and Nifty both opened lower by 0.3%.
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