The rupee was stronger in early morning trades on Friday aided by positive local shares that offset a weaker euro.
At 9:30 am, the partially convertible rupee was at 45.9225/45.9250 per dollar, stronger than Tuesday's close of 46.085/095. Financial markets were shut on Wednesday and Thursday for local holidays
The BSE Sensex opened 1.8% higher on Friday, in contrast to their Asian peers that fell after Wall Street was dragged down overnight due to expectations of a fall in key jobs data.
The index of the dollar against six major currencies was at 74.545 points on Friday, but above 74.129 points at close of local trade on Tuesday.
The euro was at USD 1.4258, lower than USD 1.4399 at the close of domestic trade on Tuesday.
The euro found a steadier footing in Asia on Friday, having suffered a drubbing overnight on weak euro zone data, as market attention turned to a closely watched US employment report.
Traders expect the rupee to trade in a range of 45.80-46.20 during the day.