Last phase of Lok Sabha elections is scheduled on Sunday after which we could witness extended volatility not only in equity indices but also in currencies.
"Today, USD/INR pair is expected to quote in the range of 70.05 and 70.70," Somaiya added.
On the global front, Asian shares were trading mixed in the early trade on Friday. Shanghai stocks slipped amid the fallout from President Donald Trump’s move to block China’s Huawei Technologies from buying vital American technology. MSCI’s broadest index of Asia-Pacific shares outside Japan lost early gains to dip 0.1 per cent, Reuters reported.
In commodities, oil prices edged higher on Friday, extending gains into a fourth session as rising tensions in the Middle East stoked fears of potential supply disruptions, said a Reuters report.