The Indian rupee opened lower by 6 paise at 70.99 per dollar against Thursday's close of 70.91/%.
The rupee on Thursday fell 11 paise to end at 70.93 against the US dollar due to strengthening crude oil prices and dollar demand from importers.
Besides, the foreign portfolio investors (FPIs) sold shares worth a net Rs395.24cr and domestic institutional investors (DIIs) sold shares worth a net Rs184.65cr, as per provisional data.
Asian markets were trading higher on Friday after China released its gross domestic product (GDP) numbers today.
China announced that its economy grew by 6.1% in 2019, meeting expectations even amid a trade dispute with the US. Its GDP grew 6% yoy in the fourth quarter of 2019. Following the release of the GDP data, the Chinese yuan appreciated at 6.8686 as compared to 6.8751 seen earlier.
Further, oil prices were steady on Friday, with Brent 3 cents higher at $64.65 and US crude up 6 cents at $58.58 a barrel, having risen more than 1% the previous session.
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