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The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.13 per cent to 92.26.
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Traders said sustained foreign fund inflows into the domestic equity markets also helped the local unit.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 92.46.
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The rupee on Tuesday appreciated 16 paise to settle at 74.46 against the US dollar.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, dipped 0.15 per cent to 92.50.
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The rupee was trading in a narrow range on Friday considering the weak demand for riskier assets on the occasion of Dhanteras.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 93.02.
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Surging crude oil prices in the overseas market added pressure to the domestic unit, dealers said.
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At the interbank forex market, the domestic currency opened up at 74.04 against the US dollar, then edged slightly lower to 74.05 in early deals, a rise of 10 paise over its last close.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, dipped 0.06 per cent to 92.16.
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Reliance Securities in a report said that the uptick in the rupee was supported by foreign portfolio flows.
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At the interbank forex market, the domestic unit opened at 74.35 against the US dollar, then gained further ground and touched 74.29, registering a rise of 47 paise over its previous close.
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Traders said most Asian currencies opened weak against the US Dollar Index, which started with gains on Wednesday morning in Asian trade ahead of the US Presidential election results.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 94.01.
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Losses in domestic stock markets and uncertainty ahead of US presidential election weighed on the investor sentiment, traders said.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.41 per cent to 93.31.
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On the equity market front, BSE index Sensex was trading 11.80 points higher at 40,157.30, and the broader NSE Nifty advanced 20.55 points to 11,788.30.
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A strong US dollar is weighing on the rupee despite positive domestic equities trend, forex traders said.
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Most of the Asian currencies have started marginally weak against the US dollar this morning and could weigh on sentiments.
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ICICI Bank was the top gainer in the Sensex pack, jumping over 5 per cent, followed by Axis Bank, Nestle India, SBI, HDFC, ONGC and Kotak Bank.