Dollar-rupee futures weakened on Friday against US dollar. USDINR November contract moved down 11 paise or 0.18 percent at 61.89 as against previous close of 62.00.
ICICIdirect expect the US dollar to garner buying support on declines against the rupee. ''Utilize declines in the USD/INR November contract to buy. Buy USD/INR November futures in the range of 61.72-61.82 with target 62.00-62.20.''
Meanwhile, Swastika Investmart expects the rupee to trade on a neutral to positive note against the dollar taking cues from less positive than expected employment data from US, weakness in the dollar index and upbeat global markets. However impact of positive housing and manufacturing data from Us may cap sharp gains in the rupee.