At the interbank foreign exchange the rupee opened at 70.94, then gained further ground and touched a high of 70.88.

At the interbank foreign exchange the rupee opened at 71.46, then gained further ground and touched a high of 71.30.

Rising brent crude prices and foreign fund inflows weighed on the domestic currency.

Sustained foreign fund outflows and rising crude prices also dragged the local currency down.

Emerging market currencies, including the Indian rupee, have been hit hard by the intensifying trade war.

Rupee is trading at 72.20 against dollar, amid weakening of the American currency in overseas market.

The dollar jumped 0.4 per cent to 99.273 against a basket of six major currencies, stepping up pressure on Asian units.

Rupee is trading at 71.67 against dollar on Friday following positive developments in the US-China trade talks.

Rupee is trading at 71.57 against dollar amid unabated foreign fund outflows and cautious opening in domestic equities.

The domestic unit pared some gains and was trading at 71.85 against the dollar.