Reuters Market Eye - The rupee is at a two-week low of 62.36/37 versus Thursday's close of 62.26/27 on global dollar strength. Dealers say some selling seen around 62.40 levels.
USD/INR spot NDF at 62.40/42, one-month at 62.79/89.
Foreign funds were buyers of $108.35 million in stocks on Thursday, provisional exchange data showed, a day when shares fell the most in six weeks.
The dollar held steady near a two-week high versus a basket of currencies on Friday after positive U.S. economic data reinforced expectations the Federal Reserve will continue to step away from its bond buying stimulus.
The rupee will also track political developments as Prime Minister Manmohan Singh to address a press conference at 11:00 a.m.
(Reporting by Subhadip Sircar)
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