The Indian rupee is expected to open higher on Friday after the dollar index saw its worst session in almost a month on upbeat risk and wagers that the U.S. Federal Reserve will not raise rates at the June meeting.
Non-deliverable forwards indicate rupee will open at around 82.30-82.32 to the U.S. dollar compared with 82.4050 in the previous session.
"Taking into account how yesterday shaped up and the extent to which the dollar has fallen, we think there will be bigger fall at open than what offshore is indicating, a forex spot trader at a bank said.
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