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The rupee hit a fresh 11-month high of 58.3650 per dollar on Friday, tracking stronger domestic shares and following gains in Asian markets on improved risk appetite globally.


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	The rupee fell from an 11-month high of 58.3650 hit earlier in the session as the Reserve Bank of India was spotted buying dollars via state-run lenders, according to traders.</div>
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	The rupee is now trading at 58.5050/5150 versus its close of 58.4675/4775 on Thursday.</div>
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	However, further losses in the rupee could be capped by strength in local stocks.</div>
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	The rupee is seen moving in a 58.35 to 58.60 range during the session.</div>

Rupee falls from 11-month high as RBI buys dollars

RBI was spotted buying dollars via state-run lenders

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