 "Rupee stays strong, tracks shares")
The rupee is trading at 58.46/48 versus its previous close of 58.79/80, tracking foreign investor-led gains in domestic shares.
The rupee had earlier risen as high as 58.32, its highest since June 18, 2013.
Foreign institutional investors bought Indian shares worth Rs 3,634 crore ($615.62 million) on Friday, their biggest single-day purchase since March, provisional exchange data showed.
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Earlier in the session, the RBI was seen buying dollars sporadically, which capped the rise in rupee but has been seen as less active in the afternoon.
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