Indian rupee has strengthened on Friday against US dollar driven by hopes of continued foreign fund buying in shares and bonds. Indian currency rose 2 paise or 0.03 percent against dollar to trade at 60.82. Rupee has witnessed a high of 60.74 and a low of 60.83. Its 52-week range was 58.34-63.91.

The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, went up 0.07 percent to trade at 84.39.

ICICIdirect expects the US dollar to garner buying support on declines against the rupee.''Utilize declines in the USD/INR September contract to buy. Buy USD/INR September futures in the range of 60.73-60.83 with target 61.00-61.20.''