A strengthening dollar ahead of the US-China trade talks and surging crude oil prices, however, restricted the rupee gains.
The rupee inched up 2 paise to 71.22 against the US dollar in early trade Friday amid a dip in crude oil prices and fresh foreign fund inflows.
At the Interbank Foreign Exchange (forex) market, the domestic unit opened strong at 71.06 and rose to 70.91. However, it could not hold on to the gains and fell to a low of 71.29 before finally ending at 71.24 -- a fall of 13 paise.
This follows an earlier round of financing when OPIC had granted a loan of USD 250 million to ReNew Power in March 2016, a company statement said.
The rupee darted up 9 paise to 71.02 against the US dollar in early trade on Thursday amid a reversal in foreign fund outflows even as oil prices hardened.
An accused wanted in a fake Indian currency note (FICN) case, also known as the Junagadh case, has been apprehended on Wednesday from West Bengal by the NIA, an agency spokesperson said.
The rupee had closed at 71.34 versus the greenback Monday. Money markets were closed Tuesday on account of Chhatrapati Shivaji Jayanti.
The rupee inched up 3 paise to 71.31 against the US dollar in early trade Wednesday even as foreign fund outflows continued amid firming oil prices.
When contacted, the company declined to comment. The sources said promoters plan to offload 18 to 19 per cent of their 30 per cent direct holding in the company. Overall, they would retain 51 per cent of direct and indirect shareholding post sale.