Indian rupee has strengthened on Friday against US dollar. Indian currency rose 12 paise or 0.19 percent against dollar to trade at 63.00. Rupee has witnessed a high of 63.00 and a low of 63.08. Its 52-week range was 58.34 - 63.89.

Commenting on the currency outlook, ICICIdirect expects the INR to garner buying support near 63.40 levels against the dollar. ''Utilize upsides in the USD/INR December contract to sell. Sell USD/INR December futures in the range of 63.25 - 63.35 with target 63.00 - 62.90.''

Meanwhile, Sushil Finance expects USDINR is likely to trade on the negative note on the back of profit booking after the sharp rally in the pair. Indian markets rallied on Thursday, with the rupee posting its biggest single-day gain in seven months and rebounding from a 13-month low, after the U.S. Federal Reserve said it would take a ''patient'' approach in deciding when to raise interest rates.

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