Indian rupee has weakened on Friday against US dollar. Indian currency fell 7 paise or 0.11 percent against dollar to trade at 61.82. Rupee has witnessed a high of 61.75 and a low of 61.87. Its 52-week range was 58.34-63.89.

ICICIdirect expects the US dollar to garner buying support on declines against the rupee. Utilise declines in the USD/INR March contract to buy. Buy USD/INR March futures in the range of 62.10-62.20 with target 62.36-62.50.''

Meanwhile, Sushil Finance expects USDINR is likely to trade on the positive note on the back of US interest rate outlook.  The Indian rupee ended stronger at 61.75/76 per dollar versus the previous close of 61.9650/9750 on foreign fund inflows, but month-end demand from oil companies limited gains.

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