The rupee is at 1-week high buoyed by strong gains in local stocks on back of risk-on sentiment. Pair at 55.40/42 vs 55.52/53 last close.
Local stocks up 1.9 percent.
Dealers cite some inflows, but oil bids keep check on losses.
The euro steadied in Asian trading on Friday after rallying on European Central Bank chief Mario Draghi's vow to hold the euro zone together, as investors prepared for U.S. second-quarter gross domestic product data later in the session