At the interbank forex market, the rupee opened with strength at 71 and advanced further to quote 16 paise higher at 70.98 against the dollar.
Rupee rises for 7th day, spurts 77 paise to 70.69 against dollar on softening crude oil prices and foreign capital inflows
Traders said increased selling of the greenback by exporters and banks also supported the rupee.
Rupee weakens further; hits fresh record low of 70.82, drops 23 paise against dollar on strong month-end demand for US currency
At the Interbank Foreign Exchange (Forex) market, the rupee opened a tad higher at 70.57 a dollar from its previous close of 70.59 but slipped to hit a fresh low of 70.82, down by 23 paise.