The rupee is still trading with gains amid thin volumes. The pair is at 54.84/86 versus 54.93/94 at Thursday close.
The pair has traded in a 54.765-54.975 band. Positive local stocks are supporting the Indian rupee, up 0.5 per cent.
However, oil bids are keeping losses in check. Dealers are closely watching "fiscal cliff" drama with President Barack Obama slated to meet Republican and Democrat Congressional leaders later on Friday.
The country's July-Sept current account deficit will be watched on Monday, with the gap likely to hit a record high.
