The rupee moved up to end at 65.01 against the US dollar on Friday.
The rupee opened lower at 65.19 and traded between 65.21 and 64.97 in intra-day deals.
Yesterday, the rupee had ended 10 paise higher to close at 65.11 against the US currency on foreign fund inflows after the US Federal Reserve stuck to its outlook of three rate hikes this year.
Meanwhile, on a net basis, foreign institutional investors (FIIs) bought shares worth Rs 161.11 crore, while domestic institutional investors (DIIs) made purchases worth Rs 409.89 crore yesterday, provisional data showed.