''The rupee gained on Friday as a rise in local shares along with positive US unemployment and industrial output data helped sentiments. However, traders remained cautious given the uncertainties about global economic growth. The Indian currency ended the day at 61.44, up 0.64% from its previous close of 61.84. The dollar index against six major currencies closed at 85.20, up 0.28% from its previous close of 84.96,'' said ICICIdirect in its report.

ICICIdirect expects the US dollar to garner buying support on declines against  the rupee. ''Utilize declines in the USD/INR October contract to buy. Buy USD/INR October futures in the range of 61.11-61.21 with target 61.36-61.50.''

''In the currency futures market, the most traded dollar-rupee October contract on the NSE closed at 61.61. The October contract open interest was down 11.33% from the previous day.''

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