Dollar-rupee futures weakened on Friday against US dollar. USDINR November contract moved down 13 paise or 0.21 percent at 61.63 as against previous close of 61.76.
ICICIdirect expects the US dollar to garner buying support on declines against the rupee. ''Utilize declines in the USD/INR November contract to buy. Buy USD/INR November futures in the range of 61.42-61.52 with target 61.70-61.85.''
On the other hand, Sushil Finance expects USDINR is likely to trade on the positive note on the back of potential US rate hikes, although much could depend on continued government reforms.