Forex traders said the momentum for the currency is likely to stay low as no major economic data is expected to release on the domestic as well as on the global front.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.29 per cent to 89.93.
"The US set a daily record for COVID deaths for the second straight day. This weighed on sentiment and helped the Dollar clawback some of the losses, particularly against the Euro," said Abhishek Goenka, Founder and CEO of IFA Global.
Further, Goenka said that participation in USD/INR is likely to be thin on Friday.
On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 161.84 points higher at 47,913.17, and the broader NSE Nifty was up 43.80 points at 14,025.55.
Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,135.59 crore on a net basis on Thursday, according to provisional exchange data.
Brent crude futures, the global oil benchmark, advanced 0.33 per cent to USD 51.80 per barrel.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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