Rupee off five month lows, euro gains vs dlr boosts pair

Reuters Market Eye - The rupee was trading at 61.38/39 after hitting 61.74, its weakest since March 5 but still below Thursday's close of 61.22/23.

Traders say foreign banks spotted selling the greenback, causing the rise from session lows.

The index of the dollar down 0.2 percent as euro gains following the French industrial production data.

Some traders say they spotted state-run banks selling earlier in the session, which could have been on behalf of the central bank, though there was no universal view on that matter.

Pair seen holding in 61.20 to 61.60 range rest of the session.

(Reporting by Swati Bhat)