Rupee opened tad higher at 70.79 versus its previous close of 70.82 per US dollar.
On Thursday, oil prices gained amid signing of an initial trade deal between the US and China that is expected to push the world economic growth. Also, through the deal there is likely to be an increase in energy supplies from the US to China.
On Wednesday, rupee gained some ground ahead of the signing of the trade between the US and China.
In the bond market, yield on 10-year benchmark bonds stood at 70.79.
While the benchmark indices rallied on global cues with Sensex moving past 42000 mark.