Rupee hits three-week high
May 02 2014 , Mumbai
USD/INR was under pressure as month-end dollar buying by oil companies in recent sessions faded and also due to stronger domestic shares.
The dollar struggled to make any headway early on Friday, still languishing near a three-week trough against a basket of major currencies as investors stay on the sidelines ahead of a closely watched U.S. employment report.
Also on watch is India's manufacturing PMI later in the day.
Traders see USD/INR moving in a 60.00 to 60.50 range during the session.