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The rupee is trading at 63.05/06 versus its Thursday's close of 63.11/12.
Traders expect the Indian unit to move in a 62.80 to 63.50 range during the day.
Asian markets rose after Wall Street posted its biggest two-day advance since late 2011.
Nifty is trading up 0.9% in early trade.
Fund flows will remain crucial for intra-day direction.
Fed's statement that it was in no rush to start hiking rates continues to aid global financial markets.
Asian currencies are trading mixed versus dollar.
