Mumbai, November 29: For the first time in 3 months, the Indian rupee has breached the 70 dollar mark. The Indian rupee opened higher by 51 paise at 70.11 per dollar versus Wednesday's closing 70.62. At 10.03 am today, the rupee was trading at 69.95 against the US Dollar. Rupee vs Dollar: Historic Downslide to Cost India Rs 68,500 Crore More While Repaying Foreign Debts.

According to reports, the domestic currency gained on recent ease in crude oil prices and hopes of some positive developments in the US-China trade ties in the upcoming G20 summit. The rupee has further gained on the back of a fall in the US dollar.  The dollar slipped after US Federal Reserve Chair Jerome Powell, calmed investor concerns over the pace of rate hikes. Raj Babbar's Personal Attack on PM Narendra Modi, Says Falling Rupee 'Nearing Your Mother's Age'.

The rupee is one of the worst performing Asian currency this year, and has gained over 5 per cent so far this month. The currency hit a record low of 74.48 a dollar on October 11.

(The above story first appeared on LatestLY on Nov 29, 2018 12:18 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).