Indian rupee has strengthened on Friday against US dollar. Indian currency went up 7 paise or 0.11 percent against dollar to trade at 61.80.

ICICIdirect expects the US dollar to find buying support on declines against the rupee. Utilise declines in the USD/INR February contract to buy. Buy USD/INR February futures in the range of 61.74-61.84 with target 61.74-61.84.''

Meanwhile, Sushil Finance expects USDINR is likely to trade on the positive note on the back of US interest rate outlook. The partially convertible rupee ends at 61.86/87 per dollar, its weakest since Jan. 20 on month-end dollar buying and weak Asian currencies. The unit had ended at 61.41/42 on Wednesday.

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