Bitcoin remains volatile, more than doubling this year after tumbling 73 per cent in 2018.

The rupee is seen trading in the range of 72-70 per dollar in the next few weeks.

The local currency settled 9 paise down at 70.78 against the dollar on Friday.

Valuations have fallen this year as the MSCI EMs Index slid into a bear market .

The Argentine Peso and the Turkish Lira are two worst performing currencies.

The dollar dropped 0.13 per cent against the yen to 110.93 , while the euro was down 0.1 per cent on the day at $1.1611.

Similar surveys in Asia showed the region's key exporting nations coming under strain from the escalating global trade frictions.

The Indian currency has lost about 8.6% so far this year as the dollar has been climbing.

In April and May, FPIs have pulled out net $3 billion and $1.5 billion out of Indian markets.

The rupee's exchange rate against other major currencies is derived from the dollar trades.

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