The rupee is hovering near day's high at 63.57/58 versus its close of 63.50/51 on Thursday, but off 64.18 intraday low.
Some custodial flows related selling by foreign banks.
Foreign funds have been continuous buyers in cash market for six sessions totalling over $1 billion, including provisional data for Thursday.
Corporate inflows cited from a large petrochem company and a mid-sized private oil refiner.
Break of 63.65, which was providing support to pair, may see pair falling to 63.30-63.35.
Earlier, the rupee continued its downward march for the second day, quoting lower by 32 paise at 63.82 against the Greenback in late morning deals on dollar demand from importers and its firm value overseas.
At the Interbank Foreign Exchange (Forex) market, the domestic unit commenced lower at 63.75 a dollar from overnight close of 63.50 and moved in a range of 63.70 and 64.18 before recovering some ground to trade at 63.82 per dollar at 1030 hours.
It revealed a fall of 32 paise or 0.50 per cent.
The Indian benchmark S&P BSE-30 share index Sensex was up by 32.07 points or 0.16 per cent at 1015 hours on the back of rise in the Index of Industrial Production (IIP) and fall in retail inflation measured by Consumer Price Index (CPI).
The dollar index was trading up by 0.12 per cent against its six major global rivals ahead of retail sales data before the all-important Federal Reserve meeting next week.
Factory output measured in terms of the IIP recorded a growth of 2.6 per cent in July while retail inflation measured on the CPI eased slightly to 9.52 per cent in August.