The Indian rupee opened higher on Wednesday by 21 paise at 72.18/$ vs. its previous close 72.39/$.
The rupee hit a fresh 2019 low Tuesday due to sustained foreign fund outflows and weak equities.
The local unit shed 97 paise yesterday to end at 72.39 per US dollar thanks to the weak macro data and a stronger dollar.
MOSPI released GDP data on Friday that showed that India's GDP growth slowed to 5% in the June quarter of FY20.
Currently, benchmark indices are trading flat.
Global developments regarding the trade war will keep investors edgy for the near term.
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