The Indian rupee is extending recent upward momentum in opening trades on Friday tracking mild pull back in dollar overseas coupled with positive cues from Asian equities. INR opened at Rs 83.98 per dollar and climbed to a high of 83.81 so far during the day. On Wednesday, rupee surged 38 paise to 84.58 against the US dollar as trade-deal hopes and foreign fund inflows boosted investor sentiments. However, geopolitical tensions between India and Pakistan and a muted sentiment in domestic equities weighed on investor sentiments. Indian shares look set to open a tad higher on Friday as markets resume trading after a holiday on Thursday for Maharashtra Day. Benchmark indexes ended marginally lower on Wednesday after a choppy session.
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