The rupee is trading at 61.43/44 after touching 61.3175 earlier in the day, its highest since December 11 and still above its close of 61.5350/5450 on Thursday.
Losses in the domestic sharemarket helping the pair. Earlier good foreign bank selling of the greenback likely on behalf of clients looking to invest in the debt market had hurt the pair.
The U.S. dollar faded a little on Friday after a mixed bag of U.S. economic data, while the Australian dollar was vulnerable after disappointing jobs figures the previous day knocked it below an important support level to a 3-1/2-year low.
