Mumbai: The Indian rupee appreciated by 26 paise to 70.88 against the US dollar in early trade on Friday as easing trade tensions between US and China strengthened investor sentiments.
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The domestic unit however could not hold on to the gains and was trading at 70.99 against the dollar at 1001 hrs.
On Thursday, the rupee had settled for the day at 71.14 against the US dollar.
Also Read: Rupee rises 36 paise to 71.30 against USD in early trade
Meanwhile, domestic bourses opened on a cautious note on Friday with benchmark indices Sensex trading 19.29 points lower at 37,084.99 and Nifty down 1.50 points at 10,981.30.(PTI)
