After a positive start for the day the rupee erased all its gains and trading lower at 69.76 per dollar.

Rupee rose against the US dollar ahead of the important non-farm payrolls number that was released later on Friday. The US economy saw job addition of 312,000 jobs in December compared to 176,000 job additions in the previous month, said Motilal Oswal.

On the other hand, average hourly earnings grew 0.4 percent compared to growth of 0.2 percent in the previous month, thereby supporting the greenback on lower levels. The greenback failed to witness a major up move despite robust payrolls number. Today, USD-INR pair is expected to quote in the range of 69.20 and 70.05, it added.