The rupee opened higher against the greenback on Friday, a day after the domestic unit slumped 42 paise, its second straight session of decline.

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At 09:10 AM, the rupee was trading at 69.13 a dollar, up 17 paise from its Thursday’s close of 69.30. The home currency opened at 69.19 and touched a high and a low of 69.11 and 69.22 a dollar, respectively.

The Indian currency has been riding high on massive liquidity push in the form of strong foreign fund inflows in March. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,481.11 crore Wednesday, as per provisional data.

Globally, the dollar, perceived as a safe-haven asset during crisis, edged higher following a bounce in US Treasury yields. Against a basket of key rival currencies, the U.S. currency was a shade higher at 97.222.

In commodity markets, oil prices rose, pushed up by ongoing supply cuts led by producer club OPEC and US sanctions against Iran and Venezuela.

International Brent crude oil futures were up 30 cents, or 0.4 percent, at $68.12 per barrel. Brent futures are set to increase by 1.7 percent for the week and are set to climb by 27 percent for the first quarter.

In debt markets, the yields on the 10-year government bonds were up 0.01 percent to 7.32 percent from its previous close of 7.32 percent. Bond yields and prices move in opposite directions.