The rupee appreciated against the U.S. dollar to close below the 82-mark on Friday.
The local currency had depreciated after opening at 82.17, according to Bloomberg. It had closed at 82.18 on Thursday.
During the day, the currency depreciated as much as to 82.31 before reversing and strengthening by 34 paise to 81.84 at the close.
"The Indian Rupee could start weaker this Friday morning and could be on the way for a second straight weekly loss tracking NDF markets and a recovery in the dollar," according to Reliancesmartmomney.com.
The key trigger for the markets will be the meeting of RBI's monetary policy committee in February. But further gains in the greenback and weaker equity markets could weigh on sentiments, it said.
Rahul Kalantri, vice president of commodities at Mehta Equities Ltd. said: "We observed that the pair is trading above its trend-line support level of 81.50."
The pair crossed 81.85 levels on a daily closing basis and is showing strength, Kalantri added. "We expect it could test its resistance level of 82.55–82.70 levels; support is placed at 82.10–81.85 levels."
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