Foreign institutional investors (FIIs) were net buyers in the capital markets, buying shares worth 1,352.20 crore on Thursday, according to exchange data.
"Today, USD/INR pair is expected to quote in the range of 69.40 and 70.05," said Gaurang Somaiya, Research Analyst (Currency) at Motilal Oswal Financial Services (MOFSL).
On the global front, Asian shares hobbled near four-month lows on Friday and crude oil plunged on deepening trade tensions between the US and China. The dollar hit a high of 98.371 against a basket of six major currencies overnight. In commodities, US crude rebounded 0.6% to $58.25 a barrel, after Thursday’s 5.7 per cent fall, Reuters reported.