Summary:
Mumbai, Jan 28 (PTI) The Indian rupee eked out a marginal 4 paise gain at 75.05 against the US dollar in morning trade on Friday, tracking positive opening in domestic equity markets.
However, strong American currency and elevated crude oil price level restricted the rupee"s further recovery.
Forex traders said geopolitical tensions, sustained foreign fund outflows and hawkish US Fed stance dragged down the local unit, while positive domestic equities supported the local unit in opening deals.
At the interbank foreign exchange, the rupee opened at 75.12 against the US dollar and slipped further to 75.13, before staging a mild recovery to trade at 75.05, clocking a gain of 4 paise.
On Thursday, the rupee had settled at 75.09 against the US dollar.
The dollar index, which gauges the greenback"s strength against a basket of six currencies, fell by 0.08 per cent to 97.17.