The Indian rupee opened at 71.04/$ vs its previous close of 71.02.
On Thursday, the rupee snapped its five-day rally to end lower by 11 paise at 71.02/$ owing to foreign fund outflows and weak domestic equities.
The downside was, however, capped by retreating oil prices after three straight days of gains, owing to concerns about fuel demand amid a bleak economic outlook.
Indian benchmark indices, meanwhile, were trading higher with the Sensex above 39K.
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