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On the domestic equity market front, the BSE Sensex was trading 277.80 points or 0.56 per cent higher at 50,069.92.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 90.91.
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At the interbank forex market, the domestic unit opened at 73.52 against the US dollar and witnessed an intra-day high of 73.47 and a low of 73.61
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Traders said the domestic unit is weak tracking tepid cued from most regional currencies on concerns that a infectious new coronavirus strain could slow down the prospects of a global economic recovery.
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In the previous session, the rupee strengthened by 3 paise to close at 73.56 against the US dollar.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading up 0.21 per cent at 90.01.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.44 per cent lower at 90.05.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent lower at 90.44.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.20 per cent at 90.79.
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On Thursday, the rupee snapped its two-day winning streak to close 9 paise lower at 73.66 against the US dollar.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.10 per cent to 90.99.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.17 per cent down at 90.81.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was up 0.07 per cent to 90.85.
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The Reserve Bank of India on Friday maintained status quo for the third time in a row and kept benchmark lending rate unchanged at 4 per cent.
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In volatile trade, the local unit also touched 73.89 against the American currency.
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At the interbank forex market, the domestic unit witnessed a highly volatile trading session. It opened at 73.45, pared the gains and finally closed at 73.81 against the greenback.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.17 per cent to 91.15.
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Besides, positive developments on COVID-19 vaccine front, improved domestic macro-economic data and weakness of the American currency against key rivals also supported the rupee.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.04 per cent to 91.95.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.07 per cent to 91.93.