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The rupee is trading at 62.30/31 versus its close of 62.42/43 on Thursday.
Weak US retail sales data has raised some investors' expectations for a slower reduction in the US Federal Reserve's monetary policy stimulus programme.
The rupee is seen moving in a 62.20 to 62.60 range during the session.
Local shares were up 0.3% and will be watched for cues on foreign fund flows during the session.
Wholesale-price inflation data due around noon will also be key for direction.
